The National Australia Bank's custody arm, NAB Asset Servicing, has retained its custody mandate with UBS Global Asset Management.
The two companies announced the renewal of the custody mandate this week for another three years.
NAB Asset Servicing executive general manager Christine Bartlett welcomed the renewal of the mandate saying the company's service and relationship model had provided a good model upon which to support UBS.
NAB Asset Servicing has held the mandate since 2004, with UBS's managing director and head of Australia and New Zealand, Ben Heap, saying the services offered by NAB Asset Servicing fitted his company's requirements.
