National Australia Bank asset servicing

Custody

The incredible expanding world of custody

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 […]
Investment Strategy

Magellan goes with Northern Trust

Listed-fund manager Magellan Asset Management has cited experience with Ireland’s Undertakings for Collective Investment in Transferable Securities (UCITS) framework as a key reason in the appointment of Northern Trust as its new custodian. Northern Trust was appointed after a competitive process, replacing former custodian Merrill Lynch. Magellan, which has around US$6.7 billion in funds under […]
Investment Strategy

NAB Asset Servicing wins two more mandates

National Australia Bank’s Asset Servicing business continues to win mandates from mid-ranking fund managers with the announcement of two new contracts with investment manager, Atrium Investment Management, and Fitzpatrick Private Wealth. NAB AS will provide administrative services to Atrium, a Sydney based multi-asset manager with just over $600 million in funds under management. Fitzpatricks is […]
Governance

Care Super and Asset Super post-merger

When CareSuper and Asset Super sat down to work out their post-merger investments, they quickly found that the two funds together had around 40 managers – and only one of them was in common. They had a common custodian, in National Australia Bank asset servicing and the same administrator, in AAS, but rationalising and then […]
Investment Strategy

OC Funds Management appoints custodian

Incumbent National Australia Bank Asset Servicing has been reappointed as custodian and investment administrator for OC Funds Management. The re-appointment is for a five-year term, following on from what is already a seven-year liaison. The decision was made after a custody review, with OC’s market manager Sam Cole saying the “depth and strength” of the […]