The $5 billion industry fund Maritime Super has announced it will continue to use NAB Asset Servicing for custodial and investment administration services until 2018.
NAB Asset Servicing executive general manager Matthew Brown said the reappointment was "further validation of the consistency and quality of service" that the custodian provides.
"NAB has developed a strong operational and strategic partnership with Maritime Super, and we are delighted that they have chosen NAB Asset Servicing to continue to support them into the future," Mr Brown said.
Maritime Super chief executive Peter Robertson said NAB Asset Servicing has been a "committed partner" of Martime Super, supporting the fund through the merger of the Stevedoring Employees Retirement Fund (SERF) and the Seafarers Retirement Fund (SRF) in 2009.
"NAB Asset Servicing has a strong understanding of the Australian regulatory frameworks, but it is their local expertise and deep understanding of our fund and its objectives, which makes them the right custodian for our fund and members," Mr Robertson said.
FSC loses two senior policy managers
AMP Capital appoints new CFO
BNY Mellon appoints head of distribution, APAC
What a blockchain-powered ASX should mean
Separating the signals from the noise
Could passive investing have structural issues?