Global X sells minority stake to JP Morgan Asset Management
We represented Global X Management, a New-York based provider and manager of exchange traded funds across global markets, in connection with the sale of a minority stake in Global X to JP Morgan Asset Management.
Through this transaction, JP Morgan Asset Management is strengthening and growing its EFT strategy by investing in Global X. The first EFT was introduced 18 months ago and since then, JP Morgan Asset Management has received several awards for its developing EFT business.
"We are excited to establish this relationship with J.P. Morgan and to receive J.P. Morgan's strong vote of confidence in the future of Global X," said Global X CEO and Co-Founder Bruno del Ama in a company press release. "Global X has always been committed to empowering our clients by responding to their evolving needs with intelligent investment solutions. This new strategic investment from J.P. Morgan will help Global X to accelerate the growth of our product suite and the expansion of our client service capabilities."
Founded in 2008, Global X is recognized for its smart core, income, alpha, risk management and access suites of ETFs, with more than 40 funds available across U.S. and foreign exchanges. Global X is recognized as a leader in developing intelligent investment solutions for its clients. For more information about its ETFs, please visit www.globalxfunds.com.
The Baker & McKenzie team was led by partner Thomas Rice. Other members of the team included Jose Moran, Shusmita Chowdhury, Aarti Pandit, Jonathan Stevens, and Paul DePaquale.
“We are pleased to have the opportunity to assist Global X in this strategic partnership," said Mr. Rice. "The complex nature of the transaction showcased our ability to collaborate seamlessly across multiple areas of law, and we look forward to advising the company as they continue to grow."