NAB extends asset manager custody deal

NAB Asset Servicing has extended its custody partnership with a $4.5 billion fund manager.

On Tuesday the custodian said an extensive operating model led to the deal extension, which will see it also provide unit registry services, including call centre and digitised client connectivity.

NAB Asset Servicing executive general manager John Comito said the bank wanted to demonstrate its "extensive" operating model expertise.

"Our learning culture underpins our approach in working with our clients, to ensure that they are supported in enhancing their business," Comito said.

"In particular, full service unit registry solutions are being delivered across our client base."

Perennial Value executive director Anthony Patterson said the long-term relationship had allowed the firm to streamline many of its operating settings and thus benefit by way of capability uplift.

"We are very pleased to recommit to this long-term partnership," Patterson said.

"NAB Asset Servicing has been a key business partner for over a decade.

"Their commitment to service delivery excellence and their proactive approach to sharing insights and knowledge have supported our focus on investing."

Read more: NAB Asset ServicingAnthony PattersonJohn ComitoPerennial Value
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