Investment manager Quilter has appointed Cofunds as its custodian, in a move that will see an initial £3 billion of funds moved onto the platform.
Cofunds will provide Quilter with a full life cycle fund solution from dealing to settlement and from custody to trail management.
Quilter offers bespoke investment management for private clients, charities and intermediaries. Quilter merged with Cheviot Asset Management in January 2013 creating an investment manager with £12bn in funds under management. The two brands are operating separately until later this year when they will merge. Cheviot already uses Cofunds as its fund custodian.