POWERED BY MOMENTUM MEDIA
Telstra Super gets new custodian after 25 years
Telstra Super has appointed J.P. Morgan Investor Services as its new master custodian after 25 years with National Australia Bank Asset Servicing.
The tender and review process involved a number of organisations with submissions evaluated on the basis of their ability to meet Telstra Super's current and future needs, the super fund said.
Telstra Super's head of investment operations, Miles Mallick, said "J.P. Morgan's capability to meet both our core custody requirements, as well as the increased demands associated with our in-house investment management activities."
Also commenting on the appointment, Telstra's chief financial officer, Paul Curtin said J.P. Morgan's world-wide reputation demonstrated a keen understanding of Telstra's business and the firm could provide extensive services capabilities.
The review and tender were conducted by independent consulting firm Dymond, Foulds & Vaughan.
Recommended for you
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment