HESTA reappoints J.P. Morgan as custody and fund services provider
09 June 2026 Australia
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HESTA, a superannuation fund dedicated to Australia’s health and community services sector, has announced the reappointment of J.P. Morgan as the fund’s custody and fund services provider for the next five years.
The firm says the appointment followed an independent review process focused on continued delivery of investment execution at great value for HESTA members.
HESTA’s CEO Debby Blakey says the partnership renewal reflects the critical role J.P. Morgan continued to play in HESTA’s operations, supporting the AU$102 (US$72 billion) billion fund.
Blakey says: “J.P. Morgan has been a trusted partner of HESTA for nearly three decades and its support has been integral to a significant period of investment growth and transformation for the Fund.
“With more than AU$100 billion in member retirement savings and close to 20 per cent of our investment portfolio managed internally, it’s fantastic HESTA will continue to access world-class investment expertise and services. This longstanding partnership can support us as we strive to continue delivering strong, long-term returns for our members.”
J.P. Morgan provides HESTA with custody and fund administration services, including safekeeping of assets, fund accounting, valuation, tax and regulatory reporting, performance measurement, and middle office services.
The partnership has supported the expansion of HESTA’s in-house investment capability, with the fund now managing nearly 20 per cent of its portfolio internally.
Nadia Schiavon, head of Securities Services at J.P. Morgan Australia and New Zealand, adds: “As the superannuation industry evolves, we remain committed to helping HESTA navigate increasing change and complexity.
“We look forward to continuing our enduring partnership and to contributing to HESTA’s ongoing success by delivering our global scale, tailored solutions, innovation, and local market expertise.”
The firm says the appointment followed an independent review process focused on continued delivery of investment execution at great value for HESTA members.
HESTA’s CEO Debby Blakey says the partnership renewal reflects the critical role J.P. Morgan continued to play in HESTA’s operations, supporting the AU$102 (US$72 billion) billion fund.
Blakey says: “J.P. Morgan has been a trusted partner of HESTA for nearly three decades and its support has been integral to a significant period of investment growth and transformation for the Fund.
“With more than AU$100 billion in member retirement savings and close to 20 per cent of our investment portfolio managed internally, it’s fantastic HESTA will continue to access world-class investment expertise and services. This longstanding partnership can support us as we strive to continue delivering strong, long-term returns for our members.”
J.P. Morgan provides HESTA with custody and fund administration services, including safekeeping of assets, fund accounting, valuation, tax and regulatory reporting, performance measurement, and middle office services.
The partnership has supported the expansion of HESTA’s in-house investment capability, with the fund now managing nearly 20 per cent of its portfolio internally.
Nadia Schiavon, head of Securities Services at J.P. Morgan Australia and New Zealand, adds: “As the superannuation industry evolves, we remain committed to helping HESTA navigate increasing change and complexity.
“We look forward to continuing our enduring partnership and to contributing to HESTA’s ongoing success by delivering our global scale, tailored solutions, innovation, and local market expertise.”
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