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Investec Wealth & Investment now live with Calastone Transfer Service


Investec Wealth & Investment, one of the UK’s largest private client wealth management firms, has gone live with Calastone’s recently launched Transfer Service.  

Investec Wealth & Investment joins other firms, including Rathbone Investment Management, in adopting the Calastone Transfer Service, which is specifically designed to automate stock transfers. Firms have identified a need to automate the transfer of assets and better facilitate unwrapped nominee-to-nominee transfers. This has been part of an ongoing industry push to speed up the transfer process as mandated by the Retail Distribution Review.
Calastone’s Transfer Service brings a greater level of efficiency to brokers and wealth managers processing stock transfers.  Participating firms can now complete transfers within days rather than weeks.
Ann Mosey, Head of Settlements, Investec Wealth & Investment, says: “By connecting to Calastone’s Transfer Service, we look forward to benefitting from the efficiencies that straight-through processing brings.  A key goal for us is to undertake and complete transfers for the majority of cases within a day, thus driving valuable operational and cost efficiencies.”
Jon Willis (pictured), Chief Commercial Officer at Calastone, adds: “Calastone’s Transfer Service intelligently re-uses technology to automate simple nominee-to-nominee stock transfers and is complementary to our TeX-compliant Re-registration solution.  We are thrilled to see major wealth managers such as Investec Wealth & Investment and Rathbone Investment Management join the service.”

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