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NAB Asset Servicing calls it quits

Australia’s last domestically-owned custodian is winding down its operations after an on-off effort to sell the business.

Lachlan Maddock | 18th Nov 2022 | More
NAS sale falls through (again)

Talks between NAB Asset Servicing and HSBC for the latter to take charge of the former’s 30 largest clients have allegedly faltered.

Lachlan Maddock | 10th Jun 2022 | More
HSBC talks re-open old NAB wound

Rumoured talks between NAB Asset Servicing (NAS) and HSBC have re-opened the possibility that Australia’s last homegrown custody business will finally close its doors. The latest rumour circulating through Australia’s tight-knit asset servicing industry is that HSBC is pitching to negotiate the potential transfer of NAS’ 30 largest clients to its business, while NAS would…

Lachlan Maddock | 9th Mar 2022 | More
  • NAB re-wins Suncorp deal it never really lost

    NAB Asset Servicing and client Suncorp have signed a new contract for custody and a range of other back and middle-office services following a complicated on-again off-again relationship between the two banks dating back to 2013. The new contract, expected to be announced this week, lays to rest several years of uncertainty over the relationship,…

    Investor Strategy News | 4th Dec 2020 | More