UK-based independent investment platform Cofunds has been selected by Reyker Securities, a provider a range of bespoke services to banks and financial institutions.
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 Securities head of settlements Lisa Burrows said that Cofunds’ AAF accredited institutional service will provide a one stop shop solution and allows them to simplify their administration and reduce risk. Using Cofunds offers significant operational efficiencies which will enable them to further enhance the service they provide their clients.
Cofunds director of institutional services Christopher James said that Reyker rightly takes pride in the high standards of its service, so with their experience and track record in reducing dealing and settlement risk and increasing administrative efficiency, they know that this partnership will add significant value to their client service.