Briefs: JBWere's CEO resigns, NAB in 'custody' increase, and more

Paul Heath has resigned as chief executive officer of JBWere, NAB Wealth said yesterday.Heath will leave JBWere in mid-July after eight years.

National Australia Bank says it has extended its alliance with BNY Mellon to provide "custody" services for asset managers. NAB began working with BNY Mellon 20 years ago. They have "shared a custody relationship whereby BNY Mellon is NAB's primary global custodian for offshore assets and NAB is BNY Mellon's primary sub-custodian for Australian and New Zealand assets," according to a media statement released yesterday. NAB said that its asset servicing division "is the largest custodian in the Australian market."

Commonwealth Bank says it has appointed Neal Livingston as head of trade and transaction services, based in Singapore. Livingston joins CBA from Royal Bank of Scotland.

Qantas has cut the surcharge on paying for tickets by debit cards and credit cards, The Age reported. Qantas will reduce Visa and MasterCard debit fees from $7.70 to $2.50 for domestic and trans-Tasman bookings, and from $30 to $10 for international fares. The airline's surcharges on credit card bookings for domestic and trans-Tasman flights will fall by 70 cents to $7. Passengers will also now be able to avoid booking fees by using a Visa Debit card within seven days of travel. The changes - which come into immediate effect - do not apply to Jetstar.