Business Services Industry

News: Hancock appoints JPMorgan custodian.(J.P. Morgan Investor Services hired by John Hancock Financial Services Inc.)(Brief Article)

Financial Times Mandate, May, 2004

John Hancock Financial Services has hired JPMorgan Investor Services as custodian for $30m in general account assets.

The Boston-based insurer had previously used JPMorgan for credit, distribution, cash management and custody services.

Mary Key Orr, global and North American client management executive at JPMorgan Investor Services, said: "We are particularly pleased with this appointment as it solidifies our position as a leading custody services provider in the insurance industry."

As of December 31 2003, John Hancock and its susidi-aries had total assets under management of $142.5bn.

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