Thomas Murray

Custody

Post-cost relationships key for custody

It’s not primarily a matter of cost. In Australia’s near-saturated custodian marketplace, superannuation funds have hit the spotlight on custodians’ primary service offerings and relationship engagement as they go out to tender. Jo Townsend, general manager of investments at REST Industry Super, says the fund felt it was “appropriate to go back to basics” in the […]
Custody

State Street wins QSuper
custody mandate

DISCLOSURE: This story has been updated. Details are provided after the final paragraph. QSuper, the $32 billion superannuation fund, has chosen State Street over incumbent custodian National Australia Bank (NAB) following a six-month tender. Michael Cottier, chief financial officer at QSuper, has confirmed that State Street has been awarded a five-year mandate to be custodian […]