NAB Asset Servicing appoints Citi as global custody provider
National Australia Bank (NAB) Asset Servicing today announced it has appointed Citi as its global custodian.
NAB Group Executive Product & Markets, Antony Cahill, said the appointment of Citi would enable NAB to deliver a unique service offering by combining the bank’s local expertise with Citi’s superior global network.
“Citi has direct access to more than 60 markets around the world. This will provide NAB clients with richer market information and easier access to subject matter experts for complex issues,” Mr Cahill said.
NAB Executive General Manager Asset Servicing, Matt Brown, said NAB’s focus on sourcing the best global capability for its clients was pivotal in choosing Citi as its global custodian.
“Citi’s operating model and significant local presence will allow NAB Asset Servicing to provide even better solutions for our clients,” Mr Brown said.
“We are committed to delivering the best service in the market and look forward to working with our clients over the coming months to allow them to benefit from Citi’s extensive market coverage and expertise.”
Citi’s appointment will take effect following a period of transitional work. In the meantime, NAB will continue to provide custody services to its clients using its current global custodian.
Source: NAB
Related Posts
Saxo Bank appoints Chief Economist and CIO Steen Jakobsen as co-head of Global Sales Trading
Saxo Bank and CME Group sign content sharing agreement
HKEX announced Seven Sector Index Futures Contracts to Debut on 9 May
LCH to offer equities clearing on SIGMA X MTF
‘Brokers are educators, not salespeople’
