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JPMorgan taps rival to fill major custody role

Wall Street bank is upping its fiduciary middle and back office options to institutional investors

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Photo: iStockPhoto

JPMorgan has recruited the head of depositary services from Northern Trust for a key position within its giant custody business.

John Cargill has joined the Wall Street bank to run depositary and fiduciary services, according to a memo seen by Financial News.

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