BNY Mellon has been selected as sub-custodian for Multrees Investor Services, an Edinburgh-based specialist provider of outsourced support services for asset managers and family offices.
The mandate will see BNY Mellon taking on the role of Multrees’s sub-custodian network, as well as providing foreign exchange services.
Chris Fisher, CEO of Multrees Investor Services, said: “The team at BNY Mellon has supported us through a professional and robustly controlled transition, ensuring a successful implementation process. Over the coming months we look forward to further growing our business with the support of the diverse range of services BNY Mellon has to offer.”
Daron Pearce, global investment manager segment head at BNY Mellon, said: “Our long track-record as a global custodian and administrator means we are ideally positioned to help Multrees to meet its strategic goals through a combination of innovative solutions, market expertise and high quality service."
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