US State of Georgia Selects JPMorgan As Securities Lending Agent

JPMorgan Worldwide Securities Services has been selected by the State of Georgia Office of Treasury and Fiscal Services (OTFS) as lending agent for two portfolios of US fixed income assets managed by OTFS. This is the first securities lending arrangement for OTFS, since the Georgia State Legislature approved the practice last year. JPMorgan Worldwide Securities Services will provide non-custody securities lending services to OTFS, the cash and investment manager for the State of Georgia. “We chose JPMorgan Worldwide Securities Services because of the firm’s experience in securities lending and their approach to lending and market products,” said Stephen J. Caffarelli, Assistant Director of OTFS. “OTFS is confident that JPMorgan Worldwide Securities Services is capable of providing the safety, liquidity and investment income the state needs.”

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