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J.P. Morgan holds onto PAS custodian mandate
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
Ashleigh McIntyre
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