The Australian Custodial Services Association (ACSA) is calling for nominations for its annual awards which recognise outstanding contributors to the Australian custody and investment administration industry.

Paul Cutts, Northern Trust country head and the newly elected chair of ACSA, said the awards pay tribute to key individuals who have been instrumental in driving industry reform and efficiency.

“The custody industry continues to play an important role in supporting Australia’s investment infrastructure. While much of this contribution is behind the scenes, it is fundamental to the financial services industry with positive effects for all Australian investors – both institutional and ultimately individuals. The awards recognise individuals in ACSA member firms who have stepped beyond their normal business role to make a contribution to our industry,” Cutts said.

ACSA members provide services to institutional investors such as investment managers, governments and major superannuation funds including safekeeping of assets, clearing and settlement of cash and securities, along with a range of portfolio administration services such as valuation, unit pricing, tax reporting and performance analytics.

Some of the major items on ACSA’s agenda over the past year have included a review and practical implementation of taxation reforms including managed investment trust and taxation of financial arrangements legislation. The consequences of new tax agents’ legislation was also the subject of major ACSA working group involvement during the past year.

“The association is pleased that our taxation working group, who come together on a voluntary basis, were able to work constructively with government and regulators to ensure the implementation of this important legislation did not add unnecessary cost and complexity,” he said.

The ACSA Awards are intended to:
• recognise individuals who have made an outstanding contribution to the industry, ACSA clients and the association itself;
• encourage greater participation from individuals and firms in industry-based initiatives;
• better promote the role of the industry; and
• highlight the level of professionalism within the ACSA community.

Winners of the award will be announced at the 14th annual Investment Administration Conference in Sydney on Tuesday, 15 February, 2011.

Last year’s winners were Denise Hartman, Learning and Development Manager, BNP Paribas; Andrew Gibson, Product Manager, Citi Global Transaction Services; and Lisa Simmons, Partner, Blake Dawson – each of whom made important contributions in their fields of expertise to the custodial industry.

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