UK stockbroker Fiske has appointed Cofunds as its fund custodian.
The AIM-listed company provides a range of services to private, corporate and institutional clients and selected Cofunds to support its business.
Bradley Lewis, business development manager, Institutional Services at Cofunds, said: In the current climate, successful adoption of a utility solution that enables a firms funds trading activities to be standardized and automated is critical to business performance. It enables firms to significantly reduce a whole suite of risk error rates and demands on their own back office.
Fiske recognized that appointing Cofunds would help it to increase efficiency and concentrate on delivering a high value service to its clients.
(JDC)