asset servicing

Investment Strategy

Northern Trust bolsters team in “key market”

Northern Trust has announced ambitious plans to build its asset servicing business in Australia, with a significant increase in assets and the addition of new staff in its Melbourne office.   The custodian expects future growth in master custody and middle-office services for superannuation funds, investment managers, insurance companies and sovereign wealth funds.   Christopher […]
Investment Strategy

NAB asset servicing grabs mandates

National Australia Bank says the $1 billion superannuation fund AMIST Super has reappointed it as its custodian, continuing a nine year relationship. NAB asset servicing will begin a new three year contract on June 1. “A transparent and open review process was important to ensure AIMST Super continued to have the right custodial solution,” says […]
Investment Strategy

NAB asset servicing grabs mandates

National Australia Bank says the $1 billion superannuation fund AMIST Super has reappointed it as its custodian, continuing a nine year relationship. NAB asset servicing will begin a new three year contract on June 1. “A transparent and open review process was important to ensure AIMST Super continued to have the right custodial solution,” says […]
Investment Strategy

Citigroup hires Kevin Degabriele from JPMorgan

Citigroup Inc. has hired Kevin Degabriele from JPMorgan Chase & Co. to bolster its custody business, the fifth-biggest in Australia. Degabriele will join New York-based Citigroup as senior manager, client relationships and sales. He will report directly to Martin Carpenter, managing director of securities and fund services, global transactions services in Australia. “Kevin is very […]
Investment Strategy

National Australia Bank wins MTAA custody deal

National Australia Bank Ltd. fought off rivals to renew its custody contact with MTAA Super Fund, a business relationship that will now last more than 15 years. The bank, which has a 30 per cent market share of Australia’s custody business, has yet to finalise the length of its contract with MTAA Super, which manages […]