Operations Briefs

JPMorgan Investor Services is appointed by ISIS Asset Management as custodian. ; ADP Securities Industry Software announces two new outsourcing clients for its securities-transaction-processing platform. ; John Gaudioso has joined JPMorgan Investor Services to head up sales and relationship management for non-custodial lending in the Western Hemisphere.

JPMorgan Investor Services (JPMIS) announced that it has been appointed by ISIS Asset Management (ISIS) as custodian. JPMorgan will manage $12 billion assets under custody covering more than 50 of ISIS' Retail Collective Investment Funds.JPMorgan Trustee Services will act as the Depository and Trustee for the funds. Under the mandate JPMIS will additionally provide a range of securities products including analytical services, Total Cost Management, investment-guideline-compliance monitoring and short-term investment funds.

ADP Securities Industry Software (ADP/SIS), a division of Automatic Data Processing, Inc.'s Brokerage Services Group, announced two new outsourcing clients for its securities-transaction-processing platform. This adds to ADP/SIS' recent signing of five new clients, which brings the total of new client gains to seven in a nine-month period. Both of the new firms now use the ADP/SIS real-time, straight-through-processing Brokerage Accounting System (BAS). The two new firms also contracted for ADP/SIS' Order Management System, POSSE, ADP/SIS' browser-based broker-desktop application and OLOS, ADP/SIS' fixed-income trading system.

Industry veteran John Gaudioso has joined JPMorgan Investor Services to head up sales and relationship management for non-custodial lending in the Western Hemisphere. Until recently, the JPMorgan securities-lending program was available only to those clients whose assets were under custody with the firm.