Quilter has selected Cofunds as its custodian, in a mandate that will see an initial £3 billion of funds moved onto the platform.
Cofunds will provide Quilter with a full fund lifecycle, dealing with custody, settlement and trail management.
Quilter offers bespoke investment management for private clients, charities and intermediaries. It merged with Cheviot Asset Management in January 2013; Cheviot already has Cofunds as its custodian.
Paul Barnacle, head of operations at Quilter and Cheviot, said: “As the leading player in this space, we are confident Cofunds’ robust framework and expertise will help drive even greater efficiency within the business.”
He added that one of the key reasons for the appointment was Cofunds’ “unrivalled” fund coverage across the UK market.
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