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Funds SA custodian transition – deferral Due to the uncertainties and heightened short-term risk environment caused by the COVID-19 pandemic, Funds SA has made the decision to defer the transition of its custodial services from JP Morgan to Northern Trust. The original transition target date was 1 April 2020, and...
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Funds SA announces outcome of custodian tender After a comprehensive tender process, Funds SA has chosen Northern Trust as its new custodian, replacing J.P. Morgan. Funds SA manages more than $34bn on behalf of the South Australian public sector that includes superannuation schemes, insurers and endowment funds. With the organisation...
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When Jo Townsend arrived at Funds SA in April 2015, she found an organisation that had gone through a decade of rapid growth. While in 2005 the organisation had just two superannuation clients, by the time Townsend took over as Chief Executive Officer, Funds SA had eight clients and over...
