Picture: CEO Jamie Dimon.Supply: JP Morgan Chase
July 12 (Reuters)-JPMorgan Chase & Firm’s securities providers division is launching a brand new information enterprise led by Gerald Francis, who joins the financial institution from Bloomberg, a memo from Reuters mentioned ..
The brand new information options enterprise will convey collectively a number of tasks already underway on the financial institution, together with post-trading analytics providers and a platform for brand spanking new asset managers, notes mentioned.
Francis, Head of Enterprise Knowledge Options at Bloomberg, will report back to Teresa Heightsen Lesser, Government Vice President of JP Morgan and International Head of Securities Providers.
This transfer happens when banks are modernizing their methods to higher make the most of the huge quantities of information they course of and retailer. This consists of offering shoppers resembling funding corporations and firms with larger high quality analytical and database instruments.
“Knowledge is changing into an more and more essential focus for our shoppers, as advances in know-how and information science open up new alternatives to optimize investor outcomes,” Heitsenrether mentioned in a memo.
JP Morgan’s Securities Providers division assists institutional buyers in clearing and clearing transactions, property in custody, and managing collateral and different actions.
Report by Anna Irella; edited by David Evans.