POWERED BY MOMENTUM MEDIA
MTAA re-appoints NAB Asset Servicing
National Australia Bank's asset servicing division will continue to provide custodial services to MTAA Super Fund after being reappointed following a comprehensive tender process.
NAB Asset Servicing's general manager sales, relationships and financial market services, Brian Keogh, said the arrangement between NAB Asset Servicing and MTAA now extends past 15 years.
"During that time we've developed a strong partnership through our quality products and service, and our detailed knowledge of MTAA Super's structure and investments," he said.
MTAA Super chief executive Leeanne Turner said the tender process, advised on by specialist consultancy Thomas Murray, had been very thorough and showcased the leading custodians.
"Key factors in our decision to re-appoint NAB were its focus on and expertise in asset servicing for superannuation fund assets, and in particular its expertise with our mix of assets," Turner said.
"NAB has a longstanding track record with us, and their commitment to invest in the Asset Servicing business, along with the strong local presence, gave us additional confidence in their ability to continue to understand and meet our requirements," she said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
