Custodian transfer completed
First published on January 31, 2017
On 7 December 2016, Tasmanian Perpetual Trustees announced that MyState Bank had been appointed Custodian for its 10 Registered Managed Investment Schemes.
“The appointment of MyState Bank as Custodian has seen Tasmanian Perpetual Trustees combine its custody function with MyState Bank’s, resulting in improved custody services for clients” said Andrew Polson, General Manager Wealth Management.
“The change has resulted in an improved custody function that will permit more efficient management of our Management Investment solutions for clients and will also improve the capital efficiency of the Tasmanian Perpetual Trustee business. In addition, it will not result in any additional costs to investors”.
Whilst the agreement took effect on 7 December 2016, Tasmanian Perpetual Trustees is pleased to advise investors that transfer of custodianship to MyState Bank as custodian is now complete.
Tasmanian Perpetual Trustee Funds of which MyState Bank is now Custodian:
- At Call Fund
- Fixed Term Fund
- Long Term Fund
- Select Mortgage Fund
- Mortgage Fund
- Balanced Fund
- Equity Fund
- Australian Share Fund
- International Share Fund
- Diversified Property Fund