Barclays Global Investors (BGI), a division of U.K.-headquartered banking-services provider, Barclays Bank, has awarded a financial-services contract to JPMorgan Worldwide Securities Services, a part of the New York-headquartered financial-services provider, JP Morgan Chase.

Under the terms of the contract, JPMorgan will manage almost all the European investment operations of BGI. JPMorgan will provide various services, such as derivatives servicing and valuation, transfer agency, custody services, portfolio valuation and end-client reporting, administration and fund accounting for BGI’s U.K., Dublin, Jersey and Luxemburg domiciled funds.