The Bank of New York has been appointed by JO Hambro Capital Management to provide global custody, transfer agency, fund accounting and depositary services to its first UK onshore OEIC, which is expected to grow to £750 million within the next two years.
“In today’s increasingly competitive marketplace, it’s crucial to look to a provider which can set us aside from the rest of the fund management community,” says Helen Vaughan, chief operating officer of JO Hambro Capital Management. “We’ve found this with The Bank of New York, which has continuously demonstrated its commitment to and understanding of our business. We look forward to strengthening our existing relationship with the Bank as the fund grows.”
Bank of New York has supplied global custody and FX services to JO Hambro Capital Management since 1998. “This broad mandate demonstrates our ability to serve as a single source for the products clients need to move and manage their assets,” says Richard Beaven, managing director of investor services at The Bank of New York.