The asset servicing business of National Australia Bank (NAB) has been re-appointed to provide custodial services to fund manager client UBS Global Asset Management for a further three years.
UBS Global Asset Management is an asset manager which provides investment solutions to private clients, financial intermediaries and institutional investors worldwide.
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NAB Asset Servicing has provided custodial support and services to UBS Global Asset Management in Australia since 2004.
NAB said that the Unit Registry solution offered by its Asset Servicing division also played a role in the extension of relationship with UBS. The future new proprietary unit registry system of NAB, ASTRA will provide enriched service quality to customers with an added improved look and feel.
Commenting on the extension of the partnership, NAB Asset Servicing executive general manager, Christine Bartlett, said: "NAB’s service and relationship model provides a good basis with which we can support UBS to achieve their business goals now and into the future, through tailored solutions."
UBS managing director and head of Australia and New Zealand, Ben Heap, said: "The suite of services offered by NAB Asset Servicing fitted the requirements of UBS, particularly given all decisions are made locally.
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By GlobalData"The local presence of the NAB team plays a pivotal role in our queries being answered quickly and readily. Also, the local expertise of NAB Asset Servicing – the breadth of knowledge and experience in critical areas such as accounting and tax, fund services and unit pricing – was also a factor in our decision to reappoint them," Heap added.
