The National Australia Bank's (NAB's) custody arm, NAB Asset Servicing has retained a key custody and investment mandate.
The company announced this week it had been reappointed to provide custodial and investment administrative services to Guild Trustee Services for a further five years.
Guild Trustee Services is the trustee for the $1 billion, 70,000 member Guild Retirement Fund which provides superannuation to a range of industries including pharmacy, child care, veterinary, and physiotherapy professionals.
Commenting on the renewed mandate, NAB Asset Servicing executive general manager, Matthew Brown said it was a testament to the collaborative approach and professionalism of the staff of both organisations.
Guild Group chief executive, Mario Pirone said NAB Asset Servicing had been a committed partner of Guild Group and had supported it through the Australian Childcare Super merger, and more recently with MySuper implementation.
The fund has announced an internal promotion to the newly created role.
Stockspot is aiming to launch the Australia-first vehicle in the coming months.
Natalie Kelly has been appointed permanently to the role following an extensive selection process.
Wayne Byres is the newest addition to the market operator’s leadership team as part of its ongoing board renewal initiative.
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