TelstraSuper has extend a mandate for J.P. Morgan to be its full-service custodian for another five years following the evaluation that the firm was best placed to meet its $21 billion fund’s increasing needs, it said.
TelstraSuper’s head of investment operations, Miles Mallick, said that one of the reasons for reappointment was JP Morgan’s emphasis on delivering a consistent data model and the firm’s focus on service delivery.
“We are delighted that TelstraSuper has reappointed J.P. Morgan as its custodian,” Nadia Schiavon, head of securities services, Australia and New Zealand at J.P. Morgan, said.
“We have a long and successful partnership and look forward to further developing this relationship over the next five years. J.P. Morgan understands the significance of delivering scale and efficiencies to our clients through global integration, which ultimately delivers value for their members.”
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
The $91 billion fund has doubled down on its data security, alongside enhancing its investment strategy, with two key appointments.
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.