UK - Barclays Global Investors has completed its European investment outsourcing arrangement with JP Morgan Worldwide Securities Services.

The transition to JP Morgan's servicing platform was one of the biggest investment services outsourcing transactions in the region, a statement said.

The deal encompasses derivatives servicing and valuation, transfer agency, custody services, portfolio valuation and end client reporting, administration and fund accounting functions for the full range of BGI funds domiciled in the UK, Dublin, Jersey and Luxembourg.

"BGI historically has been extremely successful in launching new products and expanding the ways we can produce results for our clients," said Malcolm Smith, European Chief Operating Officer at BGI.

"By leveraging JP Morgan's scale and technology platforms, we will be able to continue to innovate and best serve our clients."

JP Morgan product executive Susan Ebenston added: "BGI has been an outstanding partner throughout the implementation of this ground-breaking transaction.

"We are delighted to have extended our relationship with a valued client like BGI. We have been able to create a truly integrated operating model which delivers real value to both parties."