NAB Asset Servicing teams up with GBST 06 August 2012Melbourne Reporter: Georgina Lavers
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NAB Asset Servicing has partnered with GBST Holdings to strengthen its tax and accounting offering to custody clients.
One of the key products NAB will now be able to offer clients as a result of the alliance, is the Pre-Trade Tax Analyser tool, created through GBST’s quant division.
The Tax Analyser software is a first-to-market tax solution that assists clients to manage the after-tax outcomes of their Australian equity investments on a pre-trade basis.
Peter Hele, managing director of product and strategic alliances at NAB Asset Servicing said: “the newly formed strategic alliance with GBST will further strengthen NAB’s well recognised tax and accounting capabilities.”
“Superannuation Funds have been looking to their custodians for solutions that will support them and their investment managers to better manage, monitor and measure the tax implications of their investments.
“GBST’s Tax Analyser tool will do just that from a pre-trade basis, and coupled with NAB’s existing After-Tax Performance measurement offering, we are now able to provide clients with superior tax awareness capabilities.”
Kathy Taylor-Hoffman, head of GBST Quant Division added that GBST Quant has dedicated itself to the development of a unique tax tool for the Australian marketplace.
“Many Superannuation Fund investment decision makers have acknowledged that this is the solution that they have been waiting for. Our alliance with NAB means we can put in place processes to facilitate the secure transmission of client data to GBST in order for Tax Analyser to operate in a seamless manner, as close as possible to real-time, for the benefit of our clients and their investment managers.”
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