(updated with correction)
The Motor Accidents Insurance Board, Launceston, Australia, reappointed National Australia Bank's asset servicing division as its custodian.
The reappointment by the A$2 billion-plus (US$2.03 billion) Tasmanian fund followed a six-month competitive tender process that was managed by consultant Dymond Foulds and Vaughan.
MAIB declined to comment on the bidding process or the terms of the new contract.
Miranda Ward writes for I&T News, Sydney.
