AvSuper is pleased to announce that NAB Asset Servicing (NAS, a division of the National Australia Bank) has been reappointed as our master custodian after an extensive benchmarking review process that started last September.
NAS has provided custody and investment reporting services for AvSuper since 1998. After 60 years of providing custodian services to Australian and international funds, NAB is now the only domestically owned custodian remaining in Australia.
The Trustee compared NAS to a selection of other quality custodial service providers to ensure our arrangements remain optimal and continue to provide the best value for AvSuper members. The AvSuper Trustee is very pleased to have agreed revised commercial terms and continue our partnership with them.