Media Super has appointed BNP Paribas Fund Services Australasia Pty Ltd to provide master custody services for the Fund.
The appointment follows a six-month intensive tender process.
Media Super, an industry super fund with funds under management approaching $2.5 billion, was formed on 1 July 2008 following the merger of Print Super and JUST SUPER.
Gerard Noonan, Chairman of Media Super, said: "The Board of Media Super was committed to conducting an exhaustive tender process for the custody services of the merged entity.
"Existing custodians for both Print Super and JUST SUPER were asked to tender along with other major players in the master custody sector. The Board sought independent advice from KPMG in their role as consultant to the tender process."
Media Super Chief Executive, Ross Martin, emphasised all potential custodians were given the opportunity to meet with senior management before submitting their proposals.
"We wanted all submissions to be based on a full understanding of the complexities of the Fund. The quality of submissions was excellent," Martin said. "The Board concluded that, based on the competitive pricing and quality of services offered, BNP would be the appointed provider."
As the interim provider of custody services to Media Super, the appointment of BNP is effective immediately.