Equiniti, a financial and business services outsourcing provider, has appointed Allfunds Bank as its fund custodian.
Under the partnership, Allfunds Bank will provide core specialist fund dealing, settlement, reconciliation and sub-custodian services to Equiniti, reported Investment Europe.
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The alliance will see Equiniti’s UK & global funds services supported by the global platform service for Institutional clients.
Stephen Mohan, head of Allfunds Bank UK & Ireland, said: "Our global service is all-encompassing, meaning that we are able to reduce risk as well as increase processing efficiencies through our fully automated system."
"We not only provide the core requirements for a fully automated funds solution but we also support our clients in ensuring they stay at the forefront of a continuingly evolving market in which appropriate funds selection and adherence to regulatory requirements are key," he added.
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