The new five-year contract follows a competitive tender process and extends a relationship that has continued since 2007, NAB stated,
Prime Super chief executive Lachlan Baird said he was pleased to reappoint NAB Asset Servicing as the fund’s custodian.
“Prime Super values long-term relationships and we are pleased that after a competitive tender process, NAB can continue to act as the fund’s custodian,” he said.
“We continue to acknowledge the full scale of their resources as part of the broader NAB Group and hope to continue to leverage these in the future.”
