Barclays Stockbrokers has appointed Fidelity FundsNetwork as its exclusive fund platform.
The deal will see FundsNetwork work with Barclays to launch its enhanced mutual funds via its existing Funds Market platform and will cover all future fund business placed by Barclays Stockbrokers clients.
FundsNetwork head David White says: “Providing institutional services is a big growth area for FundsNetwork. This new relationship will see us provide dealing, settlement, custody and operational processing.”
Barclays Stockbrokers head Rupert Dickinson says: “By joining forces with FundsNetwork we are able to offer a unique proposition for investors, with a compelling and comprehensive fund servicing platform.”