Asset Super has announced it will retain NAB Asset Servicing as its custodian.
Six organisations responded to the super fund's March 2011 request for tender. Dymond Foulds & Vaughan (DFV) carried out the tender process and analysed the results, according to Asset Super chief executive John Paul. DFV submitted its report in June 2011.
After considering the report, Asset Super decided to keep its current custodian arrangements in place.
The strength of the eight-year relationship between NAB Asset Servicing and Asset Super was a major factor in the decision, along with NAB's ability to deliver the necessary unit pricing solutions.
Asset Super was established in NSW in 1987, and manages $1.4 billion on behalf of 85,000 members throughout Australia.
