POWERED BY MOMENTUM MEDIA
UniSuper makes BNP Paribas its custodian
Industry super fund UniSuper has appointed BNP Paribas as its master custodian after an extensive tender and review process.
BNP Paribas replaces NAB Asset Servicing, which was UniSuper's custodian for 23 years.
The super fund for employees in the higher education sector carried out the tender and review process, led by head of portfolio analysis and implementation Dharmendra Dayabhai.
Dayabhai said the super fund was impressed with BNP Paribas' offering of both core custody and back/middle office functions.
"Our custodial arrangements are a critical function and having the right long-term partnership in place is key to our success," he said.
Chief executive officer, Kevin O'Sullivan, said the custodian's information delivery system will enable UniSuper to meet portfolio information demand and to meet regulatory requirements, as well as backing the fund's in-house investment management activities.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment