NAB Asset Servicing wins custody contract
Investment Science Asset Management has chosen National Australia Bank's Asset Servicing business to provide custodial and administrative services.
Consultants Foxrock led a competitive tender process which saw NAB Asset Servicing win the contract.
Investment Science chief investment officer David Toohey said NAB Asset Servicing's depth of resources played a key role in the appointment.
"We are very pleased to have NAB on board, which gives us options to expand our offering and to increase the sophistication of our investment approach," he said.
NAB Asset Servicing general manager for business development Boyd Lees said the company was well positioned to support the investment manager into the future.
"Investment Science is a high performing team - as recently demonstrated by their award as best multi-strategy fund at the Australian Hedge Fund Awards - and we look forward to partnering with them to provide the best outcomes for their clients," he said.
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