J.P. Morgan has been appointed depositary for PFA Professionel Forening, owned by PFA Pension, the second largest pension provider in Denmark, for its newly established mutual fund offering. PFA Pension is Denmark's second largest pension company and Denmark's largest supplier of corporate pension plans, managing pension assets worth approximately DKK260bn.The mandate is part of PFA's transition from a closed pension fund to a provider of Denmark-domiciled mutual funds. J.P. Morgan has been custodian for PFA's USD35bn of assets under management since 2003.
