Alternative-asset servicing "catching fire", says JP Morgan

Asset-servicing capabilities for derivatives, collateral management, hedge funds and private equity are becoming more sought after than traditional custody offerings for the first time, says Shaun Parkes, head of worldwide securities services for Asia ex-Japan at JP Morgan in Hong Kong. Colin Lunn, head of business development for Asia-Pacific fund services at HSBC Securities Services in Hong Kong, also reports increasing interest in derivatives-processing products, and says the UK ba…