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JPMorgan Launches Data Platform for Buy Side Facing Deluge

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JPMorgan Chase & Co. is launching a platform to help buy-side firms sort through data in a bid to take on more functions for money managers swamped with information and facing fee pressure. 

Fusion by JPMorgan will be offered through the biggest U.S. bank’s securities services business within the corporate and investment bank. Helmed by Teresa Heitsenrether, the unit provides services including custody, fund administration, agency lending and collateral management. It had $31.6 trillion in assets under custody as of the end of March.