NAB Asset Servicing is still the largest custodian in Australia with $702 billion in assets under custody (AUC), but it has only experienced a 1.4 per cent growth, while its nearest competitor grew by 16.5 per cent. JP Morgan had $558 billion in AUC at June 2015 and has benefitted from new clients such as […]
Citi has been in the custodian market since the mid-1980s, but it’s only in the last five years or so that it has broadened its offering to include a full range of fund administration services. According to Martin Carpenter, managing director, securities and funds services, this gives them more reasons to interact with superannuation funds. […]
A central, if often overlooked feature of Australia’s super funds is that they have, for a very long time, worked closely with external service providers in their pursuit of world best practice. In relation to custody and securities services, this is a very sensible approach. The scale, geographic reach, and massive investment in technology of […]