POWERED BY MOMENTUM MEDIA
NAB forms alliance with BNY Mellon
National Australia Bank (NAB) and BNY Mellon will develop a range of asset servicing products and services for Australian institutional investors under a new alliance agreement.
The pair has committed to an alliance, marrying BNY Mellon's global capacity with NAB's local expertise, building on their long-standing custody relationship and offering clients additional supports and an expanded suite of products and services.
BNY Mellon has been NAB's primary global custodian for offshore assets, while NAB has acted as primary sub-custodian for BNY Mellon's Australian and New Zealand assets.
Christine Bartlett, executive general manager of NAB's Asset Servicing business, said the alliance would allow it to support its clients' growth objectives.
BNY Mellon country executive for Australia, Danny McGrady, said the alliance was another step in the company's commitment to the Australian superannuation market.
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
The sovereign wealth fund grew $11.5 billion in the March quarter, according to its latest portfolio update, having previously voiced caution about inflation’s downward trajectory.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment