NAB Deepens Relationship with BNY Mellon

National Australia Bank (NAB) announced it will expand its global custody partnership with BNY Mellon for private equity administration and all related middle-office functions.

Calling Australia a "key growth market" for the firm, Jin Leow, head of Asia for BNY Mellon Asset Servicing, says there is increased demand for middle-office-related solutions to help mitigate risk and add transparency.

Changes made to the Australian retirement program superannuation, whereby employers' pension levy will

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