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Club Plus re-signs NAB as custodian
Club Plus Super has reappointed National Australia Bank (NAB) Asset Servicing as its custodian, agreeing to an extended five-year contract.
The decision came after a four-month tender process that Club Plus chief executive Paul Cahill described as "extremely competitive."
"While our previous contract was with NAB, we wanted to conduct a fair and open process to ensure we ended up with the right custodial solution for Club Plus Super and our members," Cahill said.
NAB Asset Servicing general manager for sales, relationships and financial market services Brian Keogh, said that custody services such as passive overlay and tax parcel optimisation put NAB ahead of the pack.
"Key differentiators were our ability to assist Club Plus in establishing their unit pricing model and our service proposition," Keogh said.
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