NAB Asset Servicing has retained their long term client Equip Super after an extensive market review process, building on an existing 24 year partnership between these organisations.
Equip Super is a profit for member and public offer fund, with over $7 billion in funds under management. Equip Super has an advanced product model with a mix of both accumulation and defined benefit members.
John Comito, Executive General Manager of NAB Asset Servicing said: “We’re very excited that Equip Super has chosen to extend our long term relationship. NAB Asset Servicing is ideally positioned to support Equip Super through our combination of deep local regulatory expertise, commitment and track record of high quality service, and access to global markets through our new partnership with Citi.
“We do not take Equip Super’s decision for granted, and we will continue to develop and improve our offering to ensure we are able to meet the needs of our clients like Equip Super both now and into the future.”
Nicholas Vamvakas, Acting CEO of Equip Super said: “We have developed strong relationships with both NAB Asset Servicing and the broader enterprise over the term of our partnership.
“Equip’s strategic plans are strongly supported by NAB’s expertise and knowledge with regards to Australian superannuation funds. Equip used the expertise of Thomas Murray, a global provider of advisory services, to assist in the benchmarking and selection process.”
About NAB Asset Servicing
Asset Servicing, part of NAB’s Corporate and Institutional Banking business, is the largest custodian in the Australian market. It provides custody, master custody, investment administration and middle office services 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.