BlackRock Moves $1 Trillion in Custodial Assets from State Street to JPMorgan
Posted on 01/25/2017
In a rare move, BlackRock Inc., the world’s largest asset manager, announced they are migrating more than US$ 1 trillion of its assets from the custody of State Street Corporation to its competitor JPMorgan Chase & Co. Ultimately, the decision was to lower costs for BlackRock’s clients. The custodial deal was one of the biggest […]
