The Bank of New York has been appointed by Sarasin Chiswell, the London-based specialist investment management firm that is 75 percent owned by Bank Sarasin, to act as global custodian for Ј2bn of client assets.
“We appointed The Bank of New York following our decision to consolidate as much as possible of our onshore business with one custodian,” says Thomas Service, COO and director of Sarasin Chiswell. “The team showed total commitment to our current and future needs and have offered extensive advice and support.”
Andrew Bell, executive vice president and head of EMEA Investor Services at The Bank of New York, adds: “Winning this significant piece of business underlines our broad capabilities and proven track record. This is an important win for the bank as Sarasin Chiswell has a strong brand in the investment management world.”