NAB Asset Servicing retains custody mandate

The National Australia Bank's (NAB's) custody arm, NAB Asset Servicing has retained a key custody and investment mandate.

The company announced this week it had been reappointed to provide custodial and investment administrative services to Guild Trustee Services for a further five years.

Guild Trustee Services is the trustee for the $1 billion, 70,000 member Guild Retirement Fund which provides superannuation to a range of industries including pharmacy, child care, veterinary, and physiotherapy professionals.

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Commenting on the renewed mandate, NAB Asset Servicing executive general manager, Matthew Brown said it was a testament to the collaborative approach and professionalism of the staff of both organisations.

Guild Group chief executive, Mario Pirone said NAB Asset Servicing had been a committed partner of Guild Group and had supported it through the Australian Childcare Super merger, and more recently with MySuper implementation.

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