WA Super News
WA Super appoints J.P.Morgan as custodian
West Australian based super fund WA Super has appointed J.P. Morgan Investor Services as custodian of its $2.5 billion investment portfolio.
“The fund undertook a rigorous and extensive tender and review process to find a custodian with demonstrated success in Australia and globally” said John McNally, Chief Executive Officer of WA Super.
Mr McNally said “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.”
J.P. Morgan will provide custody, transaction processing, fund accounting, unit pricing, performance reporting and compliance reporting services. The relationship with J.P. Morgan will ensure that WA Super is well placed to manage all ongoing and future reporting requirements in line with best practice.
“We are excited about our new relationship with WA Super and the opportunity to provide the services it needs to support its members,” said Nadia Schiavon, Head of Custody and Fund Services, J.P. Morgan.
“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,” she said.
About WA Super:
WA Super is a leading Western Australian Superannuation fund run only to profit members. WA Super has over 44,000 members and manages over $2.5 billion in retirement savings for its members.
WA Superannuation Plan Pty Ltd ABN 64 066 797 162, AFSL 269006, as Trustee for WA Local Government Superannuation Plan ABN 18 159 499 614