Australian asset manager Cooper Investors has retained NAB Asset Servicing (NAS) as custodian of its fund for another three years.
NAS, which was appointed by Cooper Investors as a custodian since 2004, will continue to provide custodial services for the equities fund manager that has roughly $10bn in funds under management, reported Financial Standard.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Cooper Investors managing director Peter Cooper said to the publication that it was important to retain NAS, adding that the custodian’s back office teams "have the depth and capability to provide these crucial functions to a very high standard."
In late 2014, there was industry speculation that NAB was planning to sell its custody business, with State Street and BNP Paribas cited as potential buyers.
NAS executive general manager Matthew Brown added: "NAB’s service delivery and relationship model provide a strong platform that enables Cooper Investors to support their clients through the delivery of flexible investment solutions."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
