BNY Mellon, the international investment services firm, has been chosen by Telstra Super to provide fund administration support to its private equity holdings.

The deal is made through BNY Mellon's partnership with National Australia Bank. In June 2013, BNY Mellon and NAB forged a marketing alliance to help expand the range of asset servicing products and services available to clients of both firms in Australia and New Zealand. Telstra Super is an Australian corporate superannuation fund that is an existing client of NAB. 

"Superannuation funds continue to be challenged by growing regulatory demands and are turning to their custodian to service the array of complex new funds, structures and strategies being introduced," said Michael Chan, head of BNY Mellon's asset servicing business, in a statement.

Telstra Super has A$10 billion ($9.3 billion) in assets under management.