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.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
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