Mattioli Woods has reappointed BNY Mellon’s Pershing to safeguard its client investments.
The five-year deal marks the continuation of a relationship between the two companies dating back to 2012.
Under the agreement, Pershing will provide execution, settlement, and custody services for assets managed by Mattioli Woods.
It means Pershing will act independently to ensure clients’ funds are safely held and ring-fenced in Mattioli Woods' investment portfolios.
Ian Mattioli, Mattioli Woods chief executive officer, said: “This builds on a long-term relationship between ourselves and one of the top global custodians.
“We take the custody and management of our clients’ assets very seriously, and, in addition to our own stringent controls, working with partners such as Pershing ensures the highest possible protection.”
BNY Mellon’s Pershing was established in London in 1987 and it provides outsourcing solutions for private client firms and institutional broker dealers in Europe.
Pershing Ltd chief executive Geoffrey Towers said: “We are delighted to partner with Mattioli Woods to enhance the company’s focus on providing best-in-class products and services to its customers.
“Mattioli Woods has a reputation for both professionalism and personal service. We look forward to working with them as they grow their market share.”