J.P. Morgan will provide global custody and fund administration services to Spirit Super.
The partnership follows after J.P. Morgan successfully completed the transition of the AUD 30 billion fund.
It comes amid the merger of Spirit Super and CareSuper, which is set to take place in late 2024.
Ross Barry, chief investment officer at Spirit Super, says: “[J.P. Morgan’s] proven track record and global expertise will be invaluable as we strive to achieve our strategic ambitions and continue to deliver optimal results for our members.”
Nadia Schiavon, head of Securities Services, Australia and New Zealand at J.P. Morgan, comments: "Following Spirit Super’s transition onto our global strategic technology platform, J.P. Morgan is prepared and ready to support both Spirit Super and CareSuper for their upcoming merger."
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