J.P. Morgan wins Club Plus mandate

23 August 2016
| By Mike |
image
image
expand image

J.P. Morgan has picked up a key custody mandate — that of Club Plus Super.

The company announced today that Club Plus Super had J.P.Morgan as its provider of custody and fund services, following a competitive tender process.

As its securities services provider, J.P. Morgan will deliver custody, fund accounting, unit pricing, performance and compliance reporting services to the 90,000 member strong fund, which has more than $2.2 billion in assets under management.

Confirming the mandate, Club Plus chief executive, Paul Cahill said J.P. Morgan's extensive market knowledge and demonstrated awareness of the wide ranging dynamics impacting Club Plus Super, as well as the firm's dedicated transitions and implementation team, set J.P. Morgan apart.

Club Plus Super will transition its business to J.P. Morgan later this year.

Read more about:

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. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months 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 ...

1 year 3 months ago

Shadow treasurer Angus Taylor has vowed to slash red tape and introduce a suite of financial services reforms aimed at transforming Australia into a leading financial hub...

19 hours 41 minutes ago

Deglobalisation is emerging as a major driver of infrastructure debt opportunities as regions onshore vital industries, a superannuation fund-owned manager has said....

19 hours 43 minutes ago

Australian superannuation funds are grappling with heightened global instability, as US policy shifts create a volatile backdrop for investment strategies....

19 hours 45 minutes ago

TOP PERFORMING FUNDS