The custodian has been reappointed by the $10 billion industry fund on the basis of its “strong track record,” a NAB-issued statement said.
NAB Asset Servicing executive general manager Matthew Brown said: “We are excited to agree to new terms with CareSuper, and look forward to continuing to deliver solutions that facilitate the fund’s strategic development.”
CareSuper chief executive, Julie Lander, said NAB Asset Servicing was reappointed following a review of the custody market.
“The appointment confirms the view of the board that NAB Asset Servicing is best placed to ensure CareSuper remains a leading player in providing superannuation services to our members,” Ms Lander said.
NAB Asset Servicing has partnered with CareSuper since 1998.