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NAB retains Fiducian custody mandate
National Australia Bank’s custody arm, NAB Asset Servicing has retained another key mandate – vertically integrated and publicly-listed Fiducian Group.
The two companies confirmed this week that Fiducian had extended its custody relationship with NAB Asset Servicing for a further five years.
Commenting on the renewed mandate, Fiducian managing director, Indy Singh said the firm had developed a strong and trusted relationship with NAB over an extended period.
“Our requirements are fairly involved and complex and NAB currently appears best-resourced in Australia to deliver a superior service to a multi-disciplinary financial services business such as ours,” he said.
NAB Asset Servicing executive general manager, John Comito welcome the extension of the mandate describing Fiducian as being an important client of not just the assets business but the broader NAB enterprise.
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