J.P. Morgan completes transition of Vision Super 29 August 2024US, Australia Reporter: Daniel Tison
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J.P. Morgan has completed the transition of the US$13.8 billion industry superfund Vision Super.
Vision Super and Active Super will merge on 1 March 2025, creating a fund managing more than US$29 billion in assets and serving 170,000 member accounts, according to the firm.
Nadia Schiavon, head of Securities Services for Australia and New Zealand at J.P. Morgan, says: “We are excited to partner with our new client Vision Super and their 85,000 members as they look to merge with Active Super, which we have had a long-standing relationship dating back to 2003.”
Stephen Rowe, CEO of Vision Super, adds: “As we embark on our merger with Active Super, partnering with J.P. Morgan will be essential to our integration.
“This is an exciting time in our history and taking advantage of J.P. Morgan's experience and global platforms will be of great benefit to our members."
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