7 June 2010 13:00
National AS is understood to be competing with Northern Trust to run the middle office for QIC, which is swiftly globalising in its requirements now that its major client, QSuper, is building its own investment arrangements.
Both National AS’ Leigh Watson and BNY Mellon AS’ Brian Slade refused to comment on the situation.
Leigh Watson, BNY Mellon Asset Servicing (BNY Mellon AS, National Asset Servicing (National AS), the investment administration division of National Australia Bank (NAB), executive general manager of National AS, Brian Slade, Carl Sperling, BNY Mellon AS middle office capabilities, Michael Nightingale
Despite the dizzying technological innovations in China and the investment opportunities that come with them, Team Super chief investment officer Seamus Collins says some risks, including weaker investor protection, make him hesitant to allocate large chunks of the portfolio to the world’s second-largest economy.
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