NAB Asset Servicing's new mandate
NAB Asset Servicing has secured another custody mandate - this time Health Industry Plan (HIP).
The National Australia Bank's asset servicing business announced this week it had been appointed to provide custodial and investment administration services to HIP.
The mandate is the result of a competitive tender process led by Jana as consultants.
Commenting on the mandate, HIP chief executive Ross Bernays said NAB had been selected on the basis of its understanding of the super system, its technological capabilities and its international strategic partnerships.
NAB Asset Servicing executive general manager Leigh Watson said the HIP mandate stood as testament to the company's 60 years experience in providing custody services, including renowned unit pricing and tax and accounting capabilities.
"Our business offers a one-stop-shop with a single contract backed by one of the world's strongest banks," he said.
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
