Old Mutual Custodial Services* is a 100% wholly owned subsidiary of Old Mutual Zimbabwe Limited. The unit was borne out of a de-merger with the group’s asset management company, Old Mutual Asset Managers (OMAM) in 2000. This de-merger was in recognition and acceptance of industry “best practice” whereby an asset management company cannot perform the dual role of Fund Management and Custodianship. It then operated as a division within the life company until it became a separate company registered as Three Anchor Investments trading as Old Mutual Custodial Services (OMCUS) in 2011.
What services do we offer?
Old Mutual Custodial Services’ primary service offering constitutes safe custody and settlement of securities - bonds, equities, and money market instruments. All related services are also offered including corporate action administration such as scrip dividend, share splits, consolidations, proxy voting, income (dividend) collection, and reporting. We provide safe custody of physical instruments and legal documents e.g. bonds and (property) title deeds through our highly secure vault facilities.
What's in it for you?
Custody encompasses much more than settlement and safekeeping. As a custodian of equity certificates and other assets, we have earned a reputation for integrity and trust. We assure our clients that assets entrusted to us are fully secure and are released only upon receipt of proper instructions. We pride ourselves in our ability to handle any size or type of (local) custody arrangement allowing our clients to focus on the important issues confronting their business every day – with the knowledge that their assets are secure.
Want to know more about the services we offer?
Our primary offering consists of the following:
We settle all transactions for clients on receipt of instructions from the Asset Managers and processing takes place in a highly secure environment. There is a process of pre-matching and confirmation with the parties concerned to ensure settlement on the due date.
Once settled, the Securities are registered in the name of the investor and cannot be tampered with except on receipt of proper instructions from the asset manager or investor.
This segregation of duties between the Asset Manager and Custodian ensures the protection of the interest of the investors.
