Global Shares will be integrated into JPMorgan’s asset- and wealth-management arm. The Cork, Ireland-based software firm has almost $200b in assets under administration, more than 650,000 employee participants and roughly 600 corporate clients. Terms of the transaction weren’t disclosed.
“Over the last few years, just really across the firm, Jamie’s had us very focused on expanding the services that we’ve been providing to clients and continuing to strengthen our franchises,” Mike Camacho, JPMorgan’s head of wealth-management solutions, said in an interview. “When these opportunities come across, the firm really wants to make sure that we pursue them quite aggressively.”