Menu

Outsourcing Custody

Since the founding of the original partnership in 2004, clients had used Adam & Company, a wholly owned subsidiary of the Royal Bank of Scotland, to provide this custody and administration service. Following a decision by Adam & Company to withdraw from providing third party administration, acting as agent for its clients, GBIM appointed Pershing Securities Limited (Pershing) as custodian from April 2017.

 

Get in touch
01

Specialist Custodian

02

Ringfenced

03

Focus on client service

04

FCA Regulated

05

Regular Reviews

30th May 2019 Mifid II Article 65.6 Annual Disclosure

GBIM has a contractual arrangement to place all orders for trading with Pershing Trading Services Limited (PTS) who are part of Pershing Securities Limited (PSL) to execute on behalf of GBIM clients.  GBIM monitors the performance of PTS and reviews the service provided on a regular basis. In our opinion the execution quality obtained from PTS/PSL to date for GBIM Limited and our clients is of a high standard.

Under MIFID II PSL has a requirement to publish their RTS 28 Report providing detail on how it executes trades and tables showing its top five venues for Equities, Fixed Income and ETFs. This is published on PSL’s website and can be found by clicking the link below.

*Please note that by clicking on the hyperlink it will take you away from the GBIM website and we can’t be held responsible or liable for content on third party websites.

MiFID II RTS 28 Report

BNY Mellon Pershing

Established in 1987, Pershing is a subsidiary of the Bank of New York Mellon Corporation (BNY Mellon). BNY Mellon was formed in 2007 by the merger of the Bank of New York Company Inc. and Mellon Corporation. Today Pershing is a specialist in the area of asset servicing and custody. In the UK, Ireland and Channel Islands, Pershing manages over 120 client relationships for a variety of organisations. Globally, Pershing serves more than 1,500 institutional and retail financial organisations and independent investment advisors. Collectively, Pershing customers represent over five million investors with over US $1.05 trillion in assets in custody.

Pershing arranges all settlement, dividend collection, ISA management and administration alongside other nominee services.