New custodian arrangements to support our fund into the future

20 August 2020


Following an extensive tender process, CareSuper has appointed J.P. Morgan as custodian of the $16 billion fund for professionals. 

Having been determined as the most suitable custodian partner for the future of the fund and its members, J.P. Morgan will provide custody and fund administration services including investment reporting. A transition is planned in the first half of 2021.

As a leading global custodian with a data-rich approach to custody, J.P. Morgan offers world-class technology and reporting solutions that align with CareSuper’s investment program and strategic plans for future growth. 

Commenting on the announcement, CareSuper Chief Executive Officer Julie Lander said that having undertaken a very thorough review and due diligence process, she was pleased to welcome J.P. Morgan as a partner to the fund. 

“As part of our tender process, we wanted a custodian that could demonstrate how it could align both culturally and with the strategic growth initiatives of our fund,” Ms Lander said.

“We have enjoyed a close partnership with NAB Asset Servicing to date and thank the team for their dedication to our fund over the past 20 years.” 

CareSuper Chief Investment Officer Suzanne Branton added, “J.P. Morgan’s global scale and data-driven approach to securities services are particularly well placed to support our evolving investment program. The increasing sophistication of the program, including its diversification into private assets across international markets, means J.P. Morgan’s capabilities will support our service needs.” 

Nadia Schiavon, Head of Securities Services, Australia and New Zealand, J.P. Morgan, added that the firm was thrilled with the appointment and looked forward to commencing as custodian of the fund.

“We are excited to start a new partnership with CareSuper and utilise our vast experience within the superannuation industry, combined with our technology solutions, to help support the fund’s strategic goals,” Ms Schiavon said.

About J.P. Morgan’s Corporate & Investment Bank

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at