HostPlus says it is accepting submissions from custodians who are interested in administrating the $10 billion superannuation fund’s record keeping and corporate actions.
“We’ve gone to the market and invited all the major players,” says HostPlus chief investment officer Sam Sicilia.
JP Morgan Chase & Co. has been Melbourne-based HostPlus’s custodian since the fund started about 14 years ago, says Sicilia.
The custodian contract was reviewed five years ago when the New York-based bank was reappointed as custodian, he says.
“It’s incumbent on us to look at the market in case it is necessary to change or enhance current services of the incumbent,” says Sicilia.
