NAB Asset Servicing to shut down custody operations
Australia’s fifth largest custodian will wind down its business over the next three years as domestic players continue to face uphill battles against regional and global providers.
Australia’s fifth largest custodian will wind down its business over the next three years as domestic players continue to face uphill battles against regional and global providers.
Custody mandate will be for the soon-to-be combined AUD$28 billion entity of LGIAsuper, Energy Super and Suncorp’s superannuation business.
The Charles River IMS will be used to provide NAB Asset Servicing’s clients with advanced compliance monitoring, overseeing and reporting tools.
Kate Birchall joins LCH from National Australia Bank, replacing previous region head Marcus Robinson.