NAB has extended its asset servicing partnership with fund manager, Perennial Value, to include providing unit registry services inclusive of call centre and digitised client connectivity following an operating model review.
Executive general manager of NAB Asset Servicing, John Comito, said the bank was excited to demonstrate its extensive operating model expertise within its client solutions framework.
Perennial Value’s executive director, Anthony Patterson, said the bank’s asset servicing function had been a key business partner for over a decade, and its service delivery supported the fund manager’s focus on investing.
“Arising from this initiative we have streamlined many of our operating settings and have benefited from capability uplift,” he said.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
Bravura CEO Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.