TelstraSuper has extend a mandate for J.P. Morgan to be its full-service custodian for another five years following the evaluation that the firm was best placed to meet its $21 billion fund’s increasing needs, it said.
TelstraSuper’s head of investment operations, Miles Mallick, said that one of the reasons for reappointment was JP Morgan’s emphasis on delivering a consistent data model and the firm’s focus on service delivery.
“We are delighted that TelstraSuper has reappointed J.P. Morgan as its custodian,” Nadia Schiavon, head of securities services, Australia and New Zealand at J.P. Morgan, said.
“We have a long and successful partnership and look forward to further developing this relationship over the next five years. J.P. Morgan understands the significance of delivering scale and efficiencies to our clients through global integration, which ultimately delivers value for their members.”
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
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