Telstra Super reappoints NAB Asset Servicing
Telstra Super has reappointed NAB Asset Servicing to provide custodial services.
The appointment followed a review process which found NAB Asset Servicing was best suited to Telstra's current and future custody needs.
NAB Asset Servicing has provided custody services to Telstra Super since 1996, which played into the reappointment.
"The strong relationship between the two organisations, highlighted by NAB's understanding of the fund and its members' requirements is important. They know us and our members very well", Telstra Super chief executive Martin Crowe said.
Telstra Super's chief financial officer Christina Liosis said, "NAB's understanding of the industry, the strength of their balance sheet and the consistent service levels provided were key factors in our decision to reappoint them as custodian".
NAB Asset Servicing has picked up a number of custody clients this year, including Medibank (which re-signed last week) and HIP, which joined the brood last month.
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