Deal to buy big Aussie custodian is close

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.

 

 

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Australia’s greenwashing fix has a greenwashing problem

ASFI’s sustainable finance taxonomy was meant to make greenwashing harder. But with the framework now being piloted by a slew of asset owners, banks and rating houses, there are lingering questions as to whether it does the opposite.

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