JP Morgan will be custodian of the fund’s $2.5 billion investment portfolio following a tender and review process.
WA Super chief executive John McNally said: “We appointed JP Morgan as we have confidence they will underpin a robust investment governance framework and they demonstrated their ability to be flexible and tailor their services to meet our requirements.”
JP Morgan will provide custody, transaction processing, fund accounting, unit pricing, performance reporting and compliance reporting services, a statement issued by the super fund said.
Nadia Schiavon, JP Morgan head of custody and fund services, said the firm is excited to provide WA Super with the services needed to support its members.
“JP Morgan’s ability to tailor our service offering to meet the needs of WA Super, our existing clients and a growing and evolving industry is based on the dedication and commitment of our employees,” Ms Schiavon said.
“We will continue to develop the services our clients require and provide our expertise to support them in the future.”
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