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
Franklin Templeton has announced it will close its Global Alpha Core Bond Fund, having changed two fixed income funds in its Brandywine range last week.
Investment solution provider Channel Capital has appointed James Archer as its latest distribution director, joining from Pinnacle Investment Management.
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.
