National Bank of Australia (NAB) Asset Servicing has selected the Charles River Investment Management Solution (IMS) to revamp its compliance and reporting system.
The Charles River IMS will be used to provide NAB Asset Servicing’s clients with advanced compliance monitoring, overseeing and reporting tools.
It will also enable NAB Asset Servicing to help institutional clients monitor a broad range of investment mandates, enabling greater transparency to support comprehensive compliance reporting and analysis.
“Charles River continues to make significant investments in our front and middle office technology and our SaaS delivery model, giving clients faster access to the latest innovations and capabilities,” said Cameron Field, managing director for Asia-Pacific, Charles River.
“The Asia Pacific region is a critical hub in global SaaS support, with the client engagement team that services NAB based in Melbourne. Our strong local presence is a key factor helping us support our clients’ operating models and organisational resiliency.”
NAB is the only domestic Australian bank to offer custody and asset servicing, with a 14% market share and around AUD$530 billion in total assets under custody for Australian investors.
“Accelerating digital innovation for the benefit of clients is core to NAB’s strategy. We are delighted to collaborate with Charles River to provide simpler and faster data insights straight to our clients,” said John Comito, executive, Asset Servicing, NAB.