Australian Custodial Services Association

The head of NAB’s custody business will step down while its cornerstone client looks for a new service provider.

Martin Carpenter’s “fantastic career” as Citi’s local head of securities services will draw to a close later this year. He’s got no set destination in mind, but there’s still plenty of travel on the cards.

J.P. Morgan has increased its lead on the other major third-party asset servicing firms in Australia, with an 18.7 per cent jump in assets under custody to $973.2 billion in the six months to December last. The latest figures from the Australian Custodial Services Association, compared with the six months to June, represent a strong…

Bryan Gray, a genuine stalwart of, and major contributor to, the strong position of Australia and New Zealand’s asset servicing sector, has retired. He spent 12 years at State Street followed by nearly 20 years at J.P. Morgan. Gray is the only person to have been chair of the Australian Custodial Services Association twice, in…