West Australian based super fund WA Super has appointed J.P. Morgan Investor Services as custodian of its $2.5 billion investment portfolio following a tender and review process.
The selection of J.P. Morgan was confirmed by WA Super chief executive, John McNally, this week.
“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,” he said.
Under the mandate, J.P. Morgan will provide custody, transaction processing, fund accounting, unit pricing, performance reporting and compliance reporting services.
