National Australia Bank's custody arm, NAB Asset Servicing has retained a key mandate — that of Equip Super.
The company announced this week that it had retained the mandate following an extensive market review process on the part of the fund, effectively extending a 24-year relationship.
Commenting on the mandate retention, NAB Asset Servicing executive general manager, John Comito said the group was pleased to be able to extend its long-term relationship with Equip Super.
"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," he said.
Equip Super acting chief executive, Nicholas Vamvakas said the fund's strategic plans had been strongly supported by NAB's expertise and knowledge with regards to Australian superannuation funds.
Consultant firm, Thomas Murray assisted Equip Super in the benchmarking and selection process.