Equip Super has announced that NAB Asset Servicing will continue as its custodian.
NAB Asset Servicing executive general manager John Comito said the custodian would continue to develop and improve its offering.
“NAB Asset Servicing is ideally positioned to support Equip Super through our combination of deep local regulatory expertise, commitment and track record of high quality service, and access to global markets through our new partnership with Citi,” Mr Comito said.
Equip Super acting chief executive Nicholas Vamvakas commented similarly that NAB Asset Servicing’s experience aligned with Equip’s ambitions.
“We have developed strong relationships with both NAB Asset Servicing and the broader enterprise over the term of our partnership,” he said.
“Equip’s strategic plans are strongly supported by NAB’s expertise and knowledge with regard to Australian superannuation funds.”
The re-appointment follows the completion of NAB Asset Servicing’s transition to use Citigroup as its global custodian this month, replacing the Bank of New York Mellon in a process that commenced in August 2015.
Despite sharemarket declines, the Australian ETF industry finished August at a record high of $54.1 billion in funds under management, acco...
EXCLUSIVE The rise of populism and the social acceptance of protectionism are creating decent investment opportunities in emerging markets....
The small business ombudsman has charged banks with blocking financial services to the $2.6 billion adult industry, following an MP accus...