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Markets
07 July 2025 by Maja Garaca Djurdjevic

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Unisuper stays with Custodian

  •  
By Christine St Anne
  •  
2 minute read

The $21 billion industry fund remains with its custodian after a 17-year partnership.

Unisuper has reappointed NAB Custodian Services (NCS) as the fund's master custodian following a 12-month tender.

NCS will provide the $21 billion industry fund with custody and investment reporting services.

NCS has been the fund's custodian since 1991.

"It's still important to review all our supplier relationships regularly, even the long-standing ones, to ensure that they continue to deliver superior services for our members at a highly competitive price," Unisuper chief investment officer David St John said.

 
 

Over its 17-year partnership with NCS, the fund has managed to improve its unit pricing, transition management and compliance monitoring, according to St John.

"We will continue to invest in this relationship, innovating to enhance the service we deliver, while maintaining our focus on everyday fundamentals," NCS general manager Leigh Watson said.