Custody arm of National Australia Bank (NAB), NAB Asset Servicing, announced its transition to Citi as its global custodian.
The partnership would provide NAB Asset Servicing customers with direct access to 60 markets around the world.
NAB AS executive general manager, John Comito, said the partnership would help provide their customers with knowledge from the local market as well as direct access to a broad range of foreign markets, and an enhanced level of service.
“NAB and Citi have worked together over the past 12 months to ensure the on-time delivery of one of the largest and most complex transitions to take place in the Australian market,” Comito said.
“The engagement across all levels of our organisations positions us to deliver on our commitments to our customers now and into the future.”
