JPMorgan Chase & Co. (JPM) on Wednesday said a team would now be dedicated for delivering its integrated prime brokerage and custody platform to clients. The team, Prime-Custody Solutions Group, will serve hedge funds and asset managers who look for a combination of prime brokerage capabilities and securities services.

Bear Stearns was one of the only prime brokers that had offered custody benefits to clients since 1997. The prime brokerage flourished after it was acquired by JPMorgan. Its Treasury & Securities Services division now manages $13.7 trillion in assets under custody and is the industry leader in prime brokerage and custody businesses.

The new development will further expand its product offering and deliver additional benefits to clients in a more efficient manner. As a result, it will be able to capture extended market share during the ongoing market challenges which have underscored the importance of partnering with a

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