Markit announced today that it will acquire JPMorgan FCS. The combination of the financial services company and the asset servicing provider will create a platform of independent loan market data and software, currently used by over 400 financial institutions to manage over $1 trillion in assets, according to the release.
FCSs Dallas-based core operations and management team will join Markits management team, and FCS President Mark Murray will be appointed executive vice president at Markit.