- Why Calastone?
Calastone, the largest global funds network, announces today that J.P. Morgan Asset Management in Brazil is now connected to its network for investment funds processing, enabling Brazilian institutional investors to access the largest range of offshore funds markets.
As Brazilian asset managers start to focus on the implementation of CVM 175, which opens the international market for Brazilian retail investors, Calastone enables direct and efficient connectivity to the offshore market, without forcing any changes in processes or existing custody relationships, which minimizes any potential cost, additional fees, or other impact on investors.
Through the connection to Calastone’s global network, J.P. Morgan Asset Management are getting ahead of eventual challenges that may arise with this new regulation.
Many of the world’s leading financial organisations are connected to Calastone’s global funds network, which offers automation and global connectivity throughout the fund distribution process. With over 3,900 clients in more than 50 countries and territories, Calastone processes over $300 billion in investment value per month.
William Brennan, Director of New Markets at Calastone, comments:
“We are delighted that J.P. Morgan Asset Management in Brazil has chosen Calastone to enable cross-border connectivity via our global network. Brazil is one of the largest fund markets in the world and is currently growing at scale. CVM 175 presents an opportunity for Brazilian investors to diversify their investments further and this connectivity allows J.P. Morgan Asset Management in Brazil to prepare for the future now, as Brazil further establishes itself as a key global player.”
Alexandre Ferreira, COO for J.P. Morgan Asset Management in Latin America, comments:
“We are now live on Calastone’s global network in Brazil. This is an important step for our activity in Brazil, allowing us to fully automate our global trading flow while enabling our clients to leverage new investment opportunities worldwide. We are now better prepared for increased investor activity, including that related to recent regulatory developments.”
Calastone is the largest global funds network, connecting the world’s leading financial organisations. Their mission is to help the funds industry transform by creating innovative new ways to automate and digitalise the global investment funds marketplace, reducing frictional costs and lowering operational risk to the benefit of all. Through this, they make investing more accessible, generating the opportunity for the industry to deliver greater value for the investor.
Over 3,900 clients in 54 countries and territories benefit from Calastone’s services, processing US$300 billion of investment value each month. Calastone is headquartered in London and has offices in Luxembourg, Hong Kong, Taipei, Singapore, New York, Milan and Sydney.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $2.8 trillion (as of 6/30/2023), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.
For more information: www.jpmorganassetmanagement.com. J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide.