NAB Asset Servicing Taps GBST for Tax Service
NAB Asset Servicing, the asset-servicing unit of National Australia Bank, has teamed up with GBST Holdings to strengthen its tax and accounting service to custody clients.
NAB Asset Servicing will rely on GBST's Pre-Trade Tax Analyser to help clients manage the after-tax outcomes of their investments in Australian equities on a pre-trade basis. The tool was created by GBST's quant division.
"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," said Peter Hele, managing director of product and strategic alliances at NAB Asset Servicing. "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. "