National Australia Bank Asset Servicing has been reappointed to provide custody and administration services to AMIST Super for a further five years.
AMIST Super extended its relationship with NAB’s product and markets business after a six-month tender process.
NAB Asset Servicing executive general manager, Matthew Brown, said he was “pleased” the services arrangement was renewed.
"We look forward to continuing to grow the partnership between our two organisations and I thank them for their continued support,” Mr Brown said.
AMIST Super chief executive James Thomas said: “The new contract with NAB Asset Servicing followed a thorough review of the partnership and a review of other options available to AMIST Super.
“A transparent and open review process was also important to ensure AMIST Super continued to have the right custodial solution.
“NAB’s understanding of our industry, the strength of NAB’s balance sheet and the consistent service levels they have provided over a period were key aspects of our decision,” said Mr Thomas.
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