This pivotal move aligns Spirit Super with an established custodian, following in the footsteps of CareSuper, which has benefitted from J.P. Morgan’s services since 2020. The merger between Spirit Super and CareSuper is projected to finalize by late 2024.
J.P. Morgan’s deep foothold in the Australian market includes over $1 trillion in assets under custody, illustrating their robust capability and industry trust.
According to sources from a similar report, leveraging J.P. Morgan’s comprehensive financial infrastructure positions Spirit Super to better handle large-scale asset management, ensuring streamlined administrative processes as it prepares for the upcoming significant merger.
