The new mandate builds on BNY Mellon’s existing relationship with the client, and increases total Barclays Wealth fund assets under custody and administration by BNY Mellon to £17bn.
Barclays Wealth Funds head David Dalton-Brown said their relationship with BNY Mellon is a very important one – Barclays has already successfully worked closely with BNY Mellon in a number of key business areas, including the recent successful launch of its new online Execution Only investment platform.
"BNY Mellon was integral in ensuring this time sensitive project was delivered as planned, together with the required high quality of multi-channel customer service," Dalton-Brown said.
BNY Mellon Asset Servicing head of EMEA Frank Froud said their ability to address Barclays’ evolving needs and their deep strategic understanding of their business goals has been the basis of their robust and successful partnership.
"We are delighted to have this opportunity to further expand and strengthen the valued relationship between our two organizations," Froud said.
