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National Australia Bank (NAB) has retained its long-standing relationship with Canberra-based fund AvSuper for the provision of master custody and investment reporting services.
The banking group announced this week that it had retained AvSuper’s master custody and investment reporting mandate following a review process that begun in September last year.
Renewal of the mandate was confirmed by AvSuper chief executive Michelle Griffiths, who said the fund was pleased to have agreed to revised commercial terms to continue the relationship.
She said the decision to retain NAB had followed a benchmarking review undertaken by external service provider Brett Elvish.
