A comprehensive review process has seen industry superannuation fund Christian Super deliver its custody mandate to State Street Corporation.
Under the mandate, announced this week, State Street will provide the fund with custody, fund accounting, unit pricing, taxation services, investment mandate monitoring and investment analytics.
Confirming the mandate, Christian Super chief executive Peter Murphy said the fund decided to review its custody arrangements on the basis of having experienced significant growth since it first appointed a custodian in 2006.
“The primary goal of our review was to identify a reliable custodian with core service strength that could deliver additional valuable services for our members,” he said.
Christian Super has more than 20,000 members and manages approximately $625 million in assets.
The custody mandate was previously held by NAB Custodian Services.
