Club Plus to review custodial arrangements
Australian fund manager Club Plus Superannuation is to review its custody agreements.
The $1.3 billion fund currently uses NAB Asset Services as its master custodian, a relationship that goes back to the fund's launch three years ago.
The CEO of Club Plus, Paul Cahill, is running the tender and said companies must meet over 100 requirements across a broad range of custody operations.
"We sent out a document asking for information, based on what they return we’ll then determine that then," he said.