SIX to provide custody and direct market access to UK-based Shard Capital

Rick Steves

“We are now extremely well-placed to continue to progress our wealth management division thanks to our breadth of investment management expertise, sophisticated platform technology and range of high-class sub-custodians.”

London headquartered wealth manager Shard Capital has tapped SIX for its international custody services and access to global, multi-jurisdictional support to continue its strategic global expansion.

Under the new sub-custodian relationship, SIX will help Shard Capital further its wealth management aspirations by providing clients with the highest level of security for their assets and the best service at the greatest value. The partnership complements Shard Capital’s current custody arrangements.

SIX is a leading Financial Market Infrastructure operating Central Securities Depositories (CSDs) in Switzerland and Spain as well as integrated international Custody services worldwide.

SIX provides even more direct market access internationally

Javier Hernani, Head Securities Services SIX commented: “We are delighted to partner with Shard Capital and are looking forward to a close and strong collaboration. Our best-in-class market access models, expertise and integration capabilities combined with our growing international presence are the basis for flexible end-to-end Custody services tailored to clients’ needs and ensuring highest client experience.

“With the recently established teams, one in Singapore and one in the United States, SIX is now able to provide even more direct market access internationally, enabling us to offer relevant market know-how to Swiss and international customers. We are growing for our clients and at the same time supporting them in their growth and expansion ambitions.”

Toby Raincock, CEO, Shard Capital, said: “This is another important step in Shard Capital’s growth story, enabling us to bolster our custody capabilities and maintain our focus on providing quality, value propositions to our clients. Asset custody is of huge importance to our business and by partnering with a global operator such as SIX, we can better service our clients’ needs.

“We are now extremely well-placed to continue to progress our wealth management division thanks to our breadth of investment management expertise, sophisticated platform technology and range of high-class sub-custodians. Following our successful entry into the Irish market in September 2021 and our recent launch in Jersey, we are continuing to focus on strategic global expansion and this partnership represents a fantastic opportunity to help accelerate this growth.”

It was in July 2021 that SIX crossed the Atlantic to open its first office in the United States in a major step forward in its international growth strategy by setting up a US-based entity, SIX SIS USA Inc..

Its comprehensive high-quality securities services to Banks, Private Banks, Wealth Managers, Broker Dealers and other clients across the global financial sector have helped SIX build a reputation that has only pushed the Group toward business expansion.

After acquiring Spanish exchange BME in 2020 for over €2.5 billion, the exchange group has set an eye on the United States.

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