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Vestra Wealth appoints Cofunds as fund custodian

As revealed by Money Marketing last week, Vestra Wealth has signed a deal with Cofunds that will see institutional assets move onto the platform.  

The Cofunds’ institutional service will provide specialist fund dealing, settlement and sub-custodian services to Vestra Wealth.

Vestra Wealth head of operations Neil Greenwood says: “Cofunds will introduce significant operational efficiencies in areas including dealing, settlement, custody, and commission processing, which we believe will enhance the service that we are able to provide to our clients.”

Cofunds director, Institutional Services, Christopher James says: “We have a range of services that help our clients to reduce dealing and settlement risk and increase their administrative efficiency.  We look forward to offering Vestra Wealth a fully automated fund solution for their institutional business model.”


Henderson staff review could result in redundancies

Henderson is conducting a review of staffing levels following its acquisition of Gartmore which could result in redundancies. Henderson took over New Star in 2009 and acquired Gartmore in April this year. The review is taking place across all business operations. A spokesman for Henderson says: “As we highlighted in our Q3 update, we are […]


Cameron will look “very carefully” at calls for Arch cru inquiry

Prime Minister David Cameron says he will look “very carefully” at opening an inquiry into the collapse of Arch cru. He was responding to a question from Labour MP Tom Greatrex at Prime Minister’s Questions who said the collapse has hit 20,000 investors around the country. Cameron said: “I have had contacts from my constituency […]


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