J.P. Morgan has retained its custody mandate with major industry health-focused industry superannuation fund.
HESTA announced today that it had reappointed J.P. Morgan as its custody and fund services provider for the next three years, continuing a more than 20-year partnership.
Confirming renewal of the mandate, HESTA chief executive, Debby Blakey said the renewal had followed a comprehensive review process focused on achieving industry-leading investment execution and ongoing value for members.
“We have an ambitious five-year investment strategy and we also looked closely at how our custodian can support us to continue to deliver outstanding investment implementation and performance for members,” Blakey said.
“We’re focused on building our internal investment capability and capacity,” she said. “Accessing leading global investment thinking and leveraging new collaborative opportunities with existing partners, like J.P Morgan, underpins this strategy.”
HESTA announced a five-year investment strategy last year which saw the appointment of two executives – Sonya Sawtell-Rickson as chief investment officer, and Rob Fowler as executive, Investment Execution.