Huw Jones joined JPMorgan Worldwide Securities Services as head of private equity fund services for the London office, according to spokeswoman Juliana Wheeler. It is a new position. Mr. Jones reports to James Hutter, head of private equity fund services. The appointment coincides with JPMorgans efforts to expand its private equity fund services business, which had $100 billion in assets under administration as of March 31. JPMorgans business is primarily focused on the U.S. but it wants to expand first to the U.K. and then throughout Europe and the Middle East, Ms. Wheeler said.
Mr. Jones was CFO of a London-based biotechnology venture capital firm; its name could not be learned by press time.