National Australia Bank (NAB) Asset Servicing today announced the appointment of OneVue to provide unit registry administration for its clients.
NAB Asset Servicing Executive General Manager, John Comito, said NAB’s focus on providing its clients with the best unit registry administration service was pivotal in choosing OneVue as its registry provider.
“We are committed to delivering the best capability in the market and look forward to our clients benefiting from OneVue’s specialist wholesale and retail unit registry services,” he said.
“This will provide more functionality than is currently offered through NAB’s existing online platform.
Having OneVue administer our unit registry will ensure NAB’s focus remains on meeting the evolving needs of our clients while continuing to deliver high quality service.
“The appointment of OneVue reinforces our ongoing investment in our business, including the recent implementation of Statpro Revolution and the appointment of Citibank as our global custodian, to help us deliver on our goal of being the most respected custodian in Australia.”
OneVue has an automated managed fund solution and online portal allowing clients to access key registry data. This online system will provide tailored functionality to NAB Asset Servicing clients with separate, branded portals available for fund managers, their advisors and investors.
OneVue Group Managing Director, Connie McKeage, said, “We are excited to be selected by NAB to provide its clients with an immediate uplift in unit registry functionality. NAB is one of Australia’s leading financial institutions, and our two organisations are aligned in our absolute commitment to delivering excellence for our clients.”
OneVue’s appointment will take effect following a period of transitional work. In the meantime, NAB will continue to provide custody services to its clients using its existing registry platform.
About NAB Asset Servicing
Asset Servicing, part of NAB’s Corporate & Institutional business, is one of the largest custodians in the Australian market. It is a leading provider of custody, master custody, investment administration and other related services to a range of locally and internationally domiciled clients. These include government agencies, investment managers, superannuation funds, insurance companies and banks. NAB has provided domestic custody services since 1950 and global custody and investment administration services since 1975.