OMX Securities Services (UK) announced its continued expansion in the UK through the appointment by Killik & Co, the UK-based stockbroking and financial planning firm, of OMX Securities Services UK as their new settlement and custody provider. The appointment includes the transfer of Killik & Co’s settlement and custody teams to OMX Securities Services.
The appointment of OMX will help Killik & Co deliver its vision of becoming a financial planning business that has stockbroking and investment management as core competencies. OMX will be providing Model B clearing and settlement services for Killik & Co as well as additional services to secure a high level of personal service to Killik & Co clients. The partnership with OMX will also facilitate a move to electronic statements and contract notes for clients.
Commenting on the appointment, Paul Killik, senior partner of Killik & Co says, “We are delighted to team up with OMX. Their excellent platform has the capability to support our integrated view of client’s requirements as well as maintain core custody and settlement services. With OMX’s proven abilities in this field we look forward to introducing significant enhancements to our advisers and clients to support their stockbroking, investment management, and financial planning requirements.”
Elizabeth Sipire, head of OMX Technology’s Banks and Brokers business area, comments, “We are honoured to have been selected by Killik & Co to support them in executing their vision. We aim to develop solutions for our clients that transform the investment patterns of investors, and we see this as part of OMX’s global vision for increased wealth creation through more efficient securities markets.”