The Asset Servicing arm of National Australia Bank (NAB) has been appointed to provide custodial and administration services to Maple-Brown Abbott's retail funds.
"NAB was successful in the appointment of providing custodial and administrative services to the retail managed investment schemes recently acquired by Maple-Brown Abbott," the bank said.
In October last year Maple-Brown Abbott acquired the management rights for the Imputation and Australian Geared Equity funds from Advance Asset Management.
Advance, a division of Westpac, divested the funds after the decision to focus on its multi-manager funds.
Maple-Brown Abbot was already the sole investment manager for the funds,and had been managing the Imputation Fund for 20 years.
The funds had about $700 million in assets under management.
The new custody and administration agreement was effective 27 April this year.
"NAB's service model, registry, systems capabilities and ability to meet current and future demands were key factors in our decision-aking process," Maple-Brown Abbott chief operating officer Richard Grundy said.
Previously, the custody services were provided by Westpac.
