Custody arm of National Australia Bank (NAB), NAB Asset Servicing, announced its transition to Citi as its global custodian.
The partnership would provide NAB Asset Servicing customers with direct access to 60 markets around the world.
NAB AS executive general manager, John Comito, said the partnership would help provide their customers with knowledge from the local market as well as direct access to a broad range of foreign markets, and an enhanced level of service.
"NAB and Citi have worked together over the past 12 months to ensure the on-time delivery of one of the largest and most complex transitions to take place in the Australian market," Comito said.
"The engagement across all levels of our organisations positions us to deliver on our commitments to our customers now and into the future."
Stafford Capital has secured a $220 million mandate, its second co-investment with a super fund in recent weeks.
The $83 billion industry super fund is continuing its strategic partnership with a boutique investment firm.
The fund has acquired a 19.8 per cent interest, alongside QIC, in the owner of the largest toll road network in Victoria.
In the face of ‘US excellence’, changing currency markets, and heightened geopolitical risk, the Future Fund has unpacked how it is building resilient portfolios amid significant paradigm shifts.
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