NAB’s asset servicing business has formed a strategic alliance with Deutsche Bank’s equities arm, Deutsche Securities Australia, to provide transition management services to NAB Asset Servicing clients.
David Foodey, head of transition management at Deutsche Bank, said: “Deutsche Bank has been providing transition services and consistently delivering value to large institutional investors since 1997. The strategic alliance with NAB Asset Servicing takes us to an exciting new phase in our client offering.”
Carl Spurling, general manager of capability delivery at NAB Asset Servicing, said: “whilst NAB is recognised in the market for our strong custody transition management team, until now the business did not have the capability to manage front-end transitions with clients.”
“Through our strategic alliance with Deutsche Bank, we are combining NAB’s project management and pre-trade tax expertise and Asset Allocation Analysis along with Deutsche Bank’s global network and extensive experience in managing asset class transitions. Our clients will benefit from a holistic offering,” Spurling added.
