POWERED BY MOMENTUM MEDIA
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.
Recommended for you
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
