UBS sticks with NAB Asset Servicing
NAB Asset Servicing has won a mandate to broaden one of its long-term client’s custody contracts, extending the relationship it has with UBS Global Asset Management for another three years.
NAB Asset Servicing has provided custodial support and services to UBS in Australia since 2004. The firm’s ability to provide tailored solutions into the future featured in its re-appointment, according to NAB Asset Servicing executive general manager Christine Bartlett.
UBS managing director for Australia and New Zealand, Ben Heap, said it made sense to choose a local custody player whose suite of services - including its proprietary unit registry system, accounting and tax services - fitted with its requirements.
“The local presence of the NAB team plays a pivotal role in our queries being answered quickly and readily,” he said.
Late last month Suncorp extended the relationship it has had with NAB Asset Servicing since January 2012 to include international custody and investment administration services.
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