Gjensidige Forsikring, one of Norway's largest non-life insurance companies, and Folketrygdfondet, an asset manager for the Government Pension Fund – Norway, are now global custody clients of J.P. Morgan Investor Services. Both clients are in discussions to extend the related services they use from J.P. Morgan.

In March 2008, J.P. Morgan announced that it had acquired the institutional global custody business of Nordea, the leading provider in the Nordic region. As a result of the acquisition, J.P. Morgan Europe Limited established four new branches in the region, located in Oslo, Stockholm, Helsinki and Copenhagen.

Peder Sunde, manager of J.P. Morgan's newly-established branch in Oslo, commented: "We are delighted to work for these two leading Nordic institutional investors and look forward to extending our relationship with them. These clients will be serviced out of our Norwegian office, which is a key cornerstone of our strategy to align ourselves closely in-region with clients."