J.P. Morgan holds onto PAS custodian mandate

image
image
expand image

Professional Associations Super has reappointed J.P. Morgan as its master custodian for a further three years.

J.P. Morgan was originally appointed to the role in June 2008 to handle accounting, custody and performance reporting. The appointment is to be reviewed every three years.

Professional Associations Super chief investment officer Paul Kessell said reappointing J.P. Morgan “was an easy decision”, due to the firm’s products, services and scalability.

As part of a regular review of its services providers, Professional Associations Super also recently reappointed Towers Watson as the fund’s investment consultant.

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

10 months 2 weeks ago
Kevin Gorman

Super director remuneration ...

10 months 3 weeks ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

10 months 3 weeks ago

The central bank has served up a disappointment for punters on Melbourne Cup Day....

2 hours ago

The fund’s inaugural chief retirement officer is looking to establish a new venture. ...

7 hours ago

The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update....

1 day ago