Australia's Largest Custodian Picks Eagle for Performance Measurement
![Map of Australia and New Zealand Map of Australia and New Zealand](/sites/default/files/styles/landscape_750_463/public/import/IMG/372/276372/australia-nz-580x358.jpg.webp?itok=lmf3peOr)
NAB Asset Servicing is the largest custodian in the Australian market with more than $600 billion in assets under custody and administration for Australian investors.
NAB, already using Eagle's data management technology, will be leveraging Eagle Performance's various performance attribution styles, such as the Brinson Fachler equity attribution model, which enables NAB to determine and describe the difference between the portfolio return and the benchmark return more accurately.
"The business need for real-time data and the ability to create custom calculations continues to drive investment managers to implement new performance measurement solutions," says John Legrand, Eagle's managing director, head of Asia-Pac and EMEA. "Hindering these requirements are manual processes and older legacy systems that cannot offer the level of detail and the different views of performance calculations without adding unwanted complexity and risk."
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