HESTA renews longstanding partnership with J.P. Morgan as custody and fund services provider
HESTA
9 June 2026
HESTA today announced the reappointment of J.P. Morgan as the Fund’s custody and fund services provider for the next five years.
The appointment followed an independent review process focused on continued delivery of industry-leading investment execution at great value for HESTA members.
HESTA CEO Debby Blakey said the partnership renewal reflected the critical role J.P. Morgan continued to play in HESTA’s operations, supporting the $102 billion fund to deliver Super with impact™ to its more than one million members.#
“J.P. Morgan has been a trusted partner of HESTA for nearly three decades and its support has been integral to a significant period of investment growth and transformation for the Fund,” Ms Blakey said.
“With more than $100 billion in member retirement savings and close to 20% of our investment portfolio managed internally, it’s fantastic HESTA will continue to access world-class investment expertise and services. This longstanding partnership can support us as we strive to continue delivering strong, long-term returns for our members.”
J.P. Morgan provides HESTA with custody and fund administration services, including safekeeping of assets, fund accounting, valuation, tax and regulatory reporting, performance measurement, and middle office services.
The partnership has supported the expansion of HESTA’s in-house investment capability, with the Fund now managing nearly 20% of its portfolio internally.
“As the superannuation industry evolves, we remain committed to helping HESTA navigate increasing change and complexity. We look forward to continuing our enduring partnership and to contributing to HESTA’s ongoing success by delivering our global scale, tailored solutions, innovation, and local market expertise,” said Nadia Schiavon, Head of Securities Services, J.P. Morgan Australia and New Zealand.
“We value our long-standing relationship with HESTA and have worked closely to support the fund’s evolving needs. This reappointment reflects the confidence HESTA has placed in us and underscores our leading capabilities and commitment to supporting our superannuation client community. We are excited and honoured to partner with HESTA in their next phase of growth,” said Nick Paparo, Head of Securities Services Sales, J.P. Morgan Australia and New Zealand.
J.P. Morgan is the leading provider of custodial services in the Australian market by assets under custody, at $1.49 trillion.
Ends.
About HESTA
HESTA is one of the largest superannuation funds dedicated to Australia’s health and community services sector. An industry fund that's run only to benefit members, HESTA now has more than one million members (around 80% of whom are women) and currently manages approximately $104 billion* in assets invested around the world.
Past performance is not a reliable indicator of future performance. Investments may go up and down.
# Find out more about Super with impact at hesta.com.au/impact.
* Information is current as at the date of issue.
