National Australia Bank’s asset servicing business has been awarded the contract to provide custodial and administrative services to investment manager Investment Science Asset Management.
The Australian fund manager was ranked the highest returning fund on the Morningstar Australia database over five years to 30 November 2012.
The contract win for NAB Asset Servicing comes after a competitive tender process for which Foxrock acted as consultant.
Boyd Lees, general manager of business development said:“NAB Asset Servicing is well placed to support Investment Science now and into the future. Investment Science is a high performing team – as recently demonstrated by their award as Best Multi Strategy fund at the Australian Hedge Fund Awards – and we look forward to partnering with them to provide the best outcomes for their clients.”
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