National Australia Bank’s (NAB’s) custody arm, NAB Asset Servicing has this week confirmed its retention of a key long-term mandate.
The company announced that it had retained the mandate for industry fund, Statewide Super after the fund undertook an extensive market review process.
Confirming the mandate retention, NAB Asset Servicing managing director, John Comito said his firm was excited that Statewide Super had chosen to continue what represented a long-term relationship.
“They are a reputable fund with a dynamic offering so we are proud to continue providing valuable services to their team,” he said. “South Australia is an extremely important market, not just for asset servicing but the broader NAB enterprise.”
Statewide Super chief executive, Richard Nunn said after undertaking a service provider review the fund had found the NAB offering was still best to fit Statewide’s needs.
“NAB’s in-region support and face-to-face service model is extremely important for our business,” he said. “Their digital performance platform StatPro, which provides detailed attribution and risk scenario analysis, will be an important tool for our Investment team.”
