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MLC keeps custody platform in the family

MLC keeps custody platform in the family

(29 May 2007 – Australia) National Australia Bank wealth management division MLC has moved its custody and administration services for its MLC MasterKey platform from State Street Australia to National Custodian Services (NCS). 'With a custody services provider located within the NAB Group it made sense for us to leverage this internal capability,' CEO of MLC Steve Tucker said.

'We are committed to having the highest quality business partners and suppliers. The interests of our customers are paramount and we have undertaken extensive due diligence to ensure this transition is in the best interests of our customers,' he said.

Royal Bank of Canada will continue to provide custody services to MLC's MasterKey Custom platform.
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