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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

NSIA appoints Stanbic IBTC as local custodian

Posted on 04 September 2013

Nigerian Sovereign Investment Authority (NSIA), administrators of the country’s Sovereign Wealth fund (NSF), which appointed Goldman Sachs, Credit Suisse and UBS as asset managers for its Stabilization Fund last week, has appointed Stanbic IBTC as its local custodian.
According to an official statement, the Nigerian subsidiary of South African-based Standard Bank will look after the local investment of the $1 billion fund, working closely with JP Morgan, NSIA’s global custodian………………………………………..Full Article: Source


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