Mainstream launches custody services
Mainstream Fund Services has launched custody services, signing five new fund manager clients for total expected assets under custody of over $4.5 billion across 90 portfolios.
Mainstream had already operated as an incidental custody service for a number of years, but has now successfully raised enough capital to fund the regulatory capital required to operate as an eligible custodian.
Mainstream Asia-Pacific chief executive, Nick Happell, said the fund services provider offered a competitive bundled unit registry, fund administration and custody service that gives clients access to global markets across multiple asset classes.
“We are able to save fund managers and investors money on traditional custody service offerings due to our scale and simple pricing model,” he said.
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