State Street gets £5bn Quilter FM custody account
UK – £5bn (€8bn) London based investment management company, Quilter Fund Management, has awarded a global custody and fund accounting mandate to State Street Corporation.
In addition, full transfer agency services for Quilter’s entire fund range will be provided by International Financial Data Services (IFDS), the joint venture between State Street and DST Systems, developed to provide shareholder services and remote systems solutions on an integrated platform.
Says Howard Smith, chief executive of Quilter Fund Management: “We are pleased to partner with a single provider who can deliver the full breadth of services customised to our needs. The tremendous confidence we have in State Street will allow us to focus on our core business delivering returns to investors.”