J.P. Morgan

J.P. Morgan has leveraged its dedicated transition team and merger experience to win custody of the circa $30 billion Spirit Super ahead of the fund’s tie-up with Care Super.

The head of NAB’s custody business will step down while its cornerstone client looks for a new service provider.

BNP Paribas Securities Services has gone with local knowledge and experience for the new head of its Australia and New Zealand business, appointing a 24-year State Street veteran to the role.

Your Future Your Super (YFYS) will make super funds bigger and more risk averse – except when it doesn’t, according to a new report from J.P. Morgan Asset Management (JPMAM). The report, which follows J.P. Morgan’s inaugural survey of super fund executives, shows that CIOs are now adapting their investment strategies to the demands of…

While markets have so far shrugged off the inevitable rate rises, there’s plenty more to come – and the global outlook keeps getting gloomier. The Fed’s decision to unleash massive monetary stimulus in the early days of Covid-19 (and in nearly every economic crisis before it) ushered in a brief golden age for markets. But…

A landmark report from J.P. Morgan paints a picture of an industry racing towards a future that it doesn’t yet understand. Our big super funds look like strangers in a strange land. “What would be helpful from a regulatory perspective, or even a government perspective, is what are we actually driving towards?” says Mine Super…

HSBC has recruited a State Street custody veteran as part of a long-planned expansion of its own business. Sinclair Scholfield has been appointed head of sales and client management for HSBC’s Securities Services business in Australia and New Zealand. Scholfield spent the last 18 years at State Street, where he was most recently head of…

BNP Paribas is to lose its head of securities services for Australia and New Zealand and State Street is losing three senior executives in unrelated developments which emerged last week. David Braga, the chief executive of BNP Paribas Securities Services, Australasia, has resigned and will leave the organisation at Christmas. He is currently continuing at…

The economic aftermath of Covid-19 was never going to be as bad as it seemed at the time. But governments will be hooked on splashing cash. “Economic scarring” was all anybody could talk about in the immediate aftermath of the first wave of Covid-19, and for good reason; it’s well understood that the effects of…

After a lengthy search, State Street has appointed a country head for Australia as part of a progressive restructure designed to move away from a business unit focus to a more holistic approach. Tim Helyar has been recruited from J.P. Morgan, where he has spent the past 18 years, most recently as head of fund…