HESTA confirms JP Morgan as custodian
October 12, 2018
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HESTA, the Australian industry superannuation fund dedicated to those working in health and community services, has announced it has re-appointed JP Morgan as its custody and fund services provider for the next three years, continuing a more than 20-year partnership.

HESTA Chief Executive Officer Debby Blakey said the A$46 billion fund had re-appointed the bank after a comprehensive review process focussed on achieving industry-leading investment execution and ongoing value for members.

"We have an ambitious five-year investment strategy and we also looked closely at how our custodian can support us to continue to deliver outstanding investment implementation and performance for members," Blakey said.

"We're focussed on building our internal investment capability and capacity. Accessing leading global investment thinking and leveraging new collaborative opportunities with existing partners, like JP Morgan, underpins this strategy."

In 2017, HESTA announced a five-year investment strategy, which saw the appointment of two Executives - Chief Investment Officer, Sonya Sawtell-Rickson, to lead the investment strategy functions, and Rob Fowler leading investment operations in a newly created role of Executive, Investment Execution.

The HESTA Board also established an Investment Committee, chaired by independent Non-Executive Director, Mark Burgess.

Nadia Schiavon, Head of Custody and Fund Services at JP Morgan, Australia and New Zealand, said: "HESTA is one of the industry's most respected and best performing superannuation funds that continues to demonstrate strong growth. JP Morgan will continue to work closely with HESTA to support its broad-ranging investment strategy and deliver innovative solutions focussed on enhancing member returns."





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HESTA, the Australian industry superannuation fund dedicated to those working in health and community services, has announced it has re-appointed JP Morgan as its custody and fund services provider for the next three years, continuing a more than 20-year partnership.

HESTA Chief Executive Officer Debby Blakey said the A$46 billion fund had re-appointed the bank after a comprehensive review process focussed on achieving industry-leading investment execution and ongoing value for members.

"We have an ambitious five-year investment strategy and we also looked closely at how our custodian can support us to continue to deliver outstanding investment implementation and performance for members," Blakey said.

"We're focussed on building our internal investment capability and capacity. Accessing leading global investment thinking and leveraging new collaborative opportunities with existing partners, like JP Morgan, underpins this strategy."

In 2017, HESTA announced a five-year investment strategy, which saw the appointment of two Executives - Chief Investment Officer, Sonya Sawtell-Rickson, to lead the investment strategy functions, and Rob Fowler leading investment operations in a newly created role of Executive, Investment Execution.

The HESTA Board also established an Investment Committee, chaired by independent Non-Executive Director, Mark Burgess.

Nadia Schiavon, Head of Custody and Fund Services at JP Morgan, Australia and New Zealand, said: "HESTA is one of the industry's most respected and best performing superannuation funds that continues to demonstrate strong growth. JP Morgan will continue to work closely with HESTA to support its broad-ranging investment strategy and deliver innovative solutions focussed on enhancing member returns."



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