Goldman Sachs International has appointed BNY Mellon to provide segregated sub-custody services to GSI's prime brokerage clients through Montague Place Custody Services (MPCS). MPCS will use BNY Mellon to service client assets in certain markets while continuing to maintain GSI's prime brokerage and trading relationships.GSI established MPCS as an independent entity that is authorised and regulated by the UK's FSA. MPCS provides for the safekeeping and custody of client securities and cash and has been designed to survive a GSI insolvency. Last year Deutsche Bank's prime brokerage business appointed BNY Mellon to act as custodian for segregated client assets.
