Banco Popular Español Selects JPMorgan to Provide Third Party CLS Services
JPMorgan Treasury Services has been selected by CLS shareholder Banco Popular Español to provide CLS third party services. Banco Popular Español, the third largest banking group in Spain, selected JPMorgan after an extensive review of third party services providers because of ‘its reputation within the market and competitive pricing, as well as its liquidity and credit offering’. Brian Wedge, CLS Product Manager at JPMorgan, comments, ‘This is a significant win for us, particularly because Banco Popular Español is a CLS shareholder and has been highly involved with CLS since inception.’ JPMorgan has secured mandates with 20 third party services clients world wide.
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