Third Financial Secures First Client for its New Offshore Custody Service  

27 May 2020

Third Financial is delighted to announce that Jersey-based, Westminster Asset Management has signed as the first client of its Offshore Custody Service, newly launched last month. 

Set up by ex-CEO of Brooks Macdonald International, Darren Zaman, Westminster Asset Management offers investment solutions to high net worth individuals and family offices, and their advisors.  

Zaman told Wealth Manager publication: “We are engineering our business to focus on investment management and client service by minimising the regulatory complications, and maximising efficiencies by outsourcing non-core functions and through the use of 21st century investment management tools that are part of Third Financial’s Tercero system.”  

Westminster Asset Management is a private client asset management business that provides a range of fixed income, equity and multi-asset class portfolios to an international client base.  Third Financial provides them with the opportunity to work with a single supplier on a cost-effective basis. 

Commenting on the announcement, Group CEO, Ian Partington said: “Fantastic news and this is the perfect client for our new service.  Darren had previously been a client of ours for many years, so he knew our people and technology would work for him.  Both parties can see that we have a big opportunity to disrupt the Offshore space with our new offering and Westminster Asset Management was therefore keen to be an early adopter.”  

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