Suncorp has furthered its relationship with National Australian Bank (NAB), as NAB Asset Servicing will now provide all of Suncorp’s custody and investment administration services.
Previously, NAB only provided international custody and investment administration services for Suncorp. For example, NAB won a custody mandate from Suncorp New Zealand in June 2012, and now NAB will take over the rest of Suncorp’s custody services. Suncorp said in a statement that partnering with NAB is part of the company’s “simplification strategy to create a simple and scalable business.”
“Partnering with NAB gives Suncorp access to the capability of Australia’s largest custodian, with a reputation for excellence in custody and investment administration services,” Suncorp said.
NAB to Provide Custody and Investment Administration Services for Suncorp
Suncorp has furthered its relationship with National Australian Bank (NAB), as NAB Asset Servicing will now provide all of Suncorp’s custody and investment administration services.