NAB Asset Servicing expands international footprint

NAB Asset Servicing has expanded offshore and promoted current general manager sales, relationships and FMS, Brian Keogh, to general manager international, asset servicing, based in the United States.

Keogh will be responsible for clients and new business opportunities outside of Australia and New Zealand, building on key relationships with its overseas partners which include Bank of New York Mellon and Brown Brothers Harriman.

"The new role will enable us to manage these relationships more actively to help identify product leverage opportunities for our Australian client base," Leigh Watson, executive general manager, NAB Asset Servicing said.

He said the expansion of the business' international footprint would allow it to increase its offshore sub-custody business and maximise growth opportunities for Australian clients through more intimate global partnerships.

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Having an on-the-ground presence in the US would position the asset-servicing business to capture custody and other opportunities associated with the increased flow of investment into Australian assets, he said.

Keogh will also manage NAB's relationships with other US-based custody banks within NAB's broader business operations.

Boyd Lees, formerly with Bank of New York Mellon in various securities service sales roles for the last 15 years, will become general manager sales, relationships and FMS when Keogh leaves the role to take up his new post on 3 December.