NAB AS partners with Citi



Custody arm of National Australia Bank (NAB), NAB Asset Servicing, announced its transition to Citi as its global custodian.
The partnership would provide NAB Asset Servicing customers with direct access to 60 markets around the world.
NAB AS executive general manager, John Comito, said the partnership would help provide their customers with knowledge from the local market as well as direct access to a broad range of foreign markets, and an enhanced level of service.
"NAB and Citi have worked together over the past 12 months to ensure the on-time delivery of one of the largest and most complex transitions to take place in the Australian market," Comito said.
"The engagement across all levels of our organisations positions us to deliver on our commitments to our customers now and into the future."
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.