The banking company said in a news release that its acquisition is expected to close during the third quarter.
“This acquisition represents a logical extension to the firm’s servicing capabilities and demonstrates our commitment to servicing a wide range of investment products on a global basis,” said Conrad Kozak, Head of Strategic Business Development, Treasury & Securities Services for JPMorgan. More information about the bank is at www.jpmorganchase.com .
Tranaut was formed in 1999 and has offices in Ireland and Bermuda. More information is at www.tranaut.com .