WA Super has appointed J.P. Morgan Investor Services as custodian for its $2.5 billion investment portfolio.
The Western Australia-based super fund will use J.P. Morgan for custody, transaction processing, fund accounting, unit pricing, performance reporting and compliance reporting services. The partnership is intended to help WA Super to effectively manage its current and future reporting requirements.
John McNally, CEO of WA Super, said: “The fund undertook a rigorous and extensive tender and review process to find a custodian with demonstrated success in Australia and globally.”
He added: “We appointed J.P. 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.”
Nadia Schiavon, head of custody and fund services at J.P. Morgan, added: “We are excited about our new relationship with WA Super and the opportunity to provide the services it needs to support its members.”
She said: “J.P. 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. Their knowledge and experience, which has been developed over J.P. Morgan’s 25 years of unwavering commitment to the superannuation industry, will be delivered to WA Super.”
“We will continue to develop the services our clients require and provide our expertise to support them in the future.”
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