J.P. Morgan Asset Management Selects Kurtosys for Global Client Reporting Transformation
J.P. Morgan Asset Management has selected Kurtosys as its strategic technology partner for client reporting, with plans to consolidate reporting platforms and workflows across its global operations. The partnership follows an evaluation and onboarding process lasting more than 15 months, according to an announcement issued by the companies.
The initiative is intended to establish a more consistent reporting framework across regions and business units, combining the Kurtosys reporting platform with J.P. Morgan Asset Management’s existing core data systems. The companies said the approach is designed to strengthen governance, improve workflow controls and give reporting teams greater autonomy to produce materials for different clients.
Consolidating reporting systems across global operations
J.P. Morgan Asset Management’s reporting environment spans multiple platforms and workflows. The planned transformation aims to bring these processes into a more globally consistent framework while retaining the flexibility to serve different client groups, business units and asset classes.
Under the proposed approach, reporting teams will draw on a common, governed data foundation and use the reporting platform to create outputs in formats suited to individual client requirements. The companies said this is intended to improve alignment across regions and give teams greater ownership of report creation and maintenance.
The partnership reflects a broader operational objective: moving away from managing separate reporting requirements towards a more standardised framework that can support reporting at enterprise scale.
Governance and compliance are central to the selection
Kurtosys was selected in part for its experience supporting complex reporting requirements, including audit trails, approval workflows and compliance features for regulated communications, according to the announcement.
These capabilities are relevant to asset managers that need to maintain oversight of reporting processes while serving clients across multiple markets and distribution channels. A consistent framework can help establish clearer controls over how reporting materials are produced and approved, although the companies have not disclosed quantified improvements expected from this particular programme.
John Gibson, Managing Director and Head of EMEA Client Service, Global Client Reporting at J.P. Morgan Asset Management, said the firm had been modernising its data layer to create the foundation for a more flexible reporting experience. He said Kurtosys would provide reporting teams with tools and autonomy to create and maintain reports across asset classes, client channels and regions.
AI capabilities feature in the longer-term roadmap
The partnership is also intended to create a foundation for further automation and AI-enabled capabilities. Gibson said Kurtosys’s roadmap to embed AI throughout its product was one of the factors that distinguished the platform during the evaluation.
Kurtosys chief executive Lee Godfrey described client reporting as an operating-model challenge as well as a technology challenge, involving data, technology, operations and client experience. He said the programme reflected a move towards more automated, governed and intelligent reporting environments.
The companies also identified support for emerging data-exchange protocols and technologies as a longer-term objective. These capabilities could help clients receive and use reporting data through their preferred formats and channels.
However, the announcement does not specify which AI applications will be deployed, when they will become available to J.P. Morgan Asset Management or how their performance will be measured.
What the partnership means for financial services operations
The agreement illustrates how large financial institutions are approaching reporting modernisation through a combination of data infrastructure, workflow management and specialist technology. For asset managers, the challenge is to provide client-specific reporting while maintaining consistent governance across products, regions and distribution channels.
The programme’s stated objectives include greater standardisation, improved workflow controls and more flexible report production. Its eventual impact will depend on implementation, adoption by reporting teams and the extent to which the platform can integrate with existing data systems and operational processes.
The companies have not disclosed the financial terms of the partnership, a final implementation timetable or specific cost savings and productivity targets.
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