JP Morgan has bolstered its custody and fund services arm with the creation of a new unit to help the business and its clients better manage risk and capital.

Patrick Moisy, who joined the bank in 1990, will become head of liquidity and trading services globally within the custody and fund services business. He has spent the last two years with the bank's investor services unit, according to an internal memo from Teresa Heitsenrether, global head of custody and fund services, seen by FN.