National Australia Bank's Asset Servicing division has been appointed to provide custodial and administration services to Maple-Brown Abbott's retail funds, one of nine new clients the business has won in the past nine months.
With approximately $10 billion in funds under management, Maple-Brown Abbott (MBA) is a privately owned investment firm specialising in the management of Australian and Asia Pacific ex-Japan equity portfolios for corporations, institutions, industry and corporate superannuation funds.
The win for NAB Asset Servicing comes after a comprehensive selection process of MBA's custodial and administration arrangements for the new funds.
Richard Grundy, chief operating officer at MBA said NAB Asset Servicing's local strength was a key factor influencing their choice.
"NAB's service model, registry, systems capabilities and ability to meet current and future demands were key factors in our decision making process," said Grundy.
"Our business offers a one stop shop with a single contract backed by one of the world's strongest banks, and we are delighted to formalise our relationship with MBA," said Brian Keogh, general manager sales, relationships and financial market services, Asset Servicing.
