Wealth manager Vestra Wealth has appointed U.K. investment platform Cofunds as fund custodian, Financial Times reports. Cofunds will be managing more than £600 million in Vestra assets.
Specialist fund dealing, settlement and sub-custodian services will be provided by Cofunds’ institutional service. Cofunds aims to lower Vestra’s in-house processing, reduce costs and improve reporting. At present, Vestra Wealth has approximately £2.4 billion of total assets.
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