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NAB to 'deepen partnership'

NAB to ‘deepen partnership’

(21 July 2010 – Australia) National Australia Bank has said it is in discussions with BNY Mellon Asset Servicing to ‘deepen the long-standing partnership’ between the firms and enhance the range of products and services available to clients. The bank has said that the discussions could lead to a joint venture, combining the NAB’s offering in the Australian asset servicing market with BNY Mellon’s global capability.

Leigh Watson, executive general manager, NAB Asset Servicing, said the discussions with BNY Mellon reflect growing client demand for global capability.

NAB is committed to strengthening its position in the Australian market by enhancing its capability and providing even better service to the bank’s clients, Mr Watson added.

Building on an already strong and successful relationship with BNY Mellon would put the bank in a good position to achieve this, Mr Watson highlighted.
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