Ultimus partners with PennHaven 05 April 2024US Reporter: Jack McRae
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Ultimus Fund Solutions has partnered with PennHaven Brokerage Partners.
The partnership will allow Ultimus to offer outsourced trade execution and trading desk services to asset managers through PennHaven.
Gary Tenkman, CEO at Ultimus, comments, “I am excited that we’ve teamed up with PennHaven to provide our clients with full trade execution services and institutional trading platform to offer an end-to-end solution for our clients.”
Donald O’Hara, CEO at PennHaven, adds: “This partnership will complement and expand our current service offering by integrating Ultimus’ tech-driven downstream support. We are aligned with identical core values, and we look forward to a long-term relationship that allows us to continue to provide quality service while creating a synergistic offering to our shared clients.”
Asset managers will be able to use Ultimus’ middle office services, including’ post-trade settlement, investment book of record (IBOR), performance reporting and institutional investor services.
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