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 financial services company has made two senior appointments to its super and investments leadership team.
The $89 billion fund has named co-chief investment officers following the resignation of Andrew Lill earlier this month.
The industry body is adding 25 years of financial services experience to its leadership team with a new appointment.
The industry body has welcomed a new deputy CEO and a new executive general manager for policy.