custodian bank

Investment Strategy

NAB Asset Services gets HIP

National Australia Bank (NAB) Asset Services has won a custody mandate to provide administrative services for the $630-million Health Industry Plan (HIP), supplanting the incumbent provider BNP Paribas. Australia’s largest custodian bank with about $508 billion in assets under custody, NAB secured the deal after a competitive tendering process run by the fund’s consultants Jana. […]