National Australia Bank (NAB) announced the appointment of two new people to its Asset Servicing business.
Lachlan Allardice will take on the role of heads of funds management and sub custody, where he will look after all fund manager and insurance relationships (except NSW) and the bank's existing sub custody client relationships.
He will be working with Anthony Jamour, who will be head of funds management and insurance (NSW) where he will look after clients in this region.
Allardice has over 15 years experience in the asset servicing industry, including senior sales and relationship management roles in ANZ and JP Morgan.
Jamour has worked for BNP Paribas, AMP and Westpac and has 20 years experience in the asset servicing industry. He joined NAB five years ago.
NAB Asset Services recently appointed Peter Hele to the role of head of business development for Australia and New Zealand.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.