Cerberus Appoints J.P. Morgan as Administrator for its Investment Fund

New York, October 19, 2011 – J.P. Morgan Worldwide Securities Services today announced that it has been appointed by Cerberus Capital Management, L.P., one of the world’s leading private investment firms, to provide fund administration and related securities services for its investment funds with aggregate assets of over $23 billion. The J.P. Morgan platform will be supplemented by certain back-office personnel of Cerberus who will become employees of J.P. Morgan.

"The transition of the services to a world class third-party administrator provides our firm strong infrastructure support and the independence preferred by our investors,” said Jeffrey Lomasky, Senior Managing Director and Chief Financial Officer of Cerberus. “We are confident that J.P. Morgan has the capabilities to provide our firm and our investors with the independent, third-party administrative systems, infrastructure and support that are required in today’s investment management environment."

"We are excited about establishing this relationship with an industry leader such as Cerberus,” said Robert Caporale, head of new business development – Americas, J.P. Morgan Worldwide Securities Services. “We have made significant investments in our broad capabilities for servicing all aspects of alternative investments, including middle office and fund administration. With over $410 billion in alternative assets under administration, we have expertise in servicing open- and closed-ended hedge funds and private equity funds.”

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A., WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $16.3 trillion in assets under custody and $7.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss .

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .

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