National Australia Bank

Custody

NAB Asset Servicing shifts from BNY to Citi

National Australia Bank Asset Servicing is in the process of switching its global custodian partnership from BNY Mellon to Citi. The move follows a period of disruption at Australia’s largest local custodian that have seen management changes, an aborted sale of the business and the loss of many major clients including Cbus and Unisuper. Former […]
Administration

AustralianSuper contemplates foreign outposts

AustralianSuper has posed the question of whether it should have its own investment management and currency hedging teams based in Europe and America. Peter Curtis, head of investment operations at the $85 billion fund, who was speaking at the Investment Administration Conference in Sydney, said this was a model used by larger pension funds internationally. […]
Unintentional

Numbers moving to SMSF stalls

David Atkin, chief executive of Cbus has declared the growth in members of industry funds leaving for self-managed super funds at an end. The announcement comes the same day the scheme launches a member direct platform to cater for large account holders who want to manage their own investments. “Members moving to SMSF is an […]
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