Cofunds will provide Quilter with a full life cycle fund solution from dealing to settlement and from custody to trail management.
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Quilter’s merger with Cheviot Asset Management in January has created one of the major investment management firms in the UK with more than GBP12bn in funds under management.
Cheviot already uses Cofunds as its fund custodian. The two brands are operating separately until they merge later this year.
Paul Barnacle, head of operations at Quilter and Cheviot, said: "Cofunds’ framework and expertise would help enhance efficiency within the business."
Quilter, a member of the London Stock Exchange and APCIMS, offers bespoke investment management for private clients, charities and intermediaries. It employs more than 380 staff across its London head office and network of 12 regional offices.
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