Reyker Securities Plc has appointed Cofunds as its fund custodian. The Cofunds' institutional service will provide specialist fund dealing, settlement and sub-custodian services to Reyker to simplify the amount of in-house processing, reduce costs and improve reporting.
Reyker, which provides a range of bespoke services to banks and financial institutions, alongside professional private investor services from dealing and safe custody to discretionary wealth management, chose Cofunds after a comprehensive review of the market.
Lisa Burrows, Head of Settlements at Reyker said: "Cofunds' AAF accredited institutional service will provide a one stop shop solution and allows us to simplify our administration and reduce risk. Using Cofunds offers significant operational efficiencies which will enable us to further enhance the service we provide our clients."
Christopher James, Director, Institutional Services at Cofunds, said: "Reyker rightly takes pride in the high standards of its service, so with our experience and track record in reducing dealing and settlement risk and increasing administrative efficiency, we know that this partnership will add significant value to their client service."