NAB retains Fiducian custody mandate
National Australia Bank’s custody arm, NAB Asset Servicing has retained another key mandate – vertically integrated and publicly-listed Fiducian Group.
The two companies confirmed this week that Fiducian had extended its custody relationship with NAB Asset Servicing for a further five years.
Commenting on the renewed mandate, Fiducian managing director, Indy Singh said the firm had developed a strong and trusted relationship with NAB over an extended period.
“Our requirements are fairly involved and complex and NAB currently appears best-resourced in Australia to deliver a superior service to a multi-disciplinary financial services business such as ours,” he said.
NAB Asset Servicing executive general manager, John Comito welcome the extension of the mandate describing Fiducian as being an important client of not just the assets business but the broader NAB enterprise.
Recommended for you
Dan Farmer, chief investment officer of MLC Asset Management, has detailed how its super fund allocations have evolved and whether the fund will consider investing in bitcoin.
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
