NAB Custody restructure creates four director roles

NAB Custodian Services has been restructured with the establishment of four positions of ‘director’ under recently appointed general manager, John Treloar.

Treloar announced the restructure to staff last week. The new directors are: Brian Keogh as director of processing services; Ray Lester as director of delivery services; Patrick Liddy as director of marketing and strategy; and a currently unfilled position of director of relationships. Treloar said the new structure would focus on the current business opportunities and future strategy. “The intent of the structure is also to give the next level of management greater participation and input into managing our business,” he said. The role of head of commercial development, occupied by Mark Burstall for the past two years, was no longer required in future. Burstall will leave the firm in early July. “The changes will not only allow us to operate more efficiently but will place greater responsibility and add opportunities on the other levels of management, create new opportunities for promotion within and across groups but will also allow better planning for succession and reduce key-person dependencies,” Treloar said.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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