Titan Wealth Group has announced the creation of a new division, Titan Settlement & Custody, which will be headed by recently appointed CEO, Mike Fullalove.

Titan Settlement & Custody includes Titan Institutional Services, formerly Global Prime Partners (GPP), and Titan Wealth Solutions.

It will provide execution, settlement & custody services, and an end-to-end technology solution to institutional clients via Titan Institutional Services, and to wealth managers, independent financial advisers (IFA), and discretionary fund managers via Titan Wealth Solutions.

Titan Settlement & Custody was acquired by Titan Wealth in 2021 a part of its aim to build a fully integrated client to custody offering for clients and customers.

Titan Wealth Solutions’ assets under administration have grown by more than 100 per cent since the acquisition, with “significant” further growth expected over the next two years.

The newly created division seeks to underpin the firm’s capabilities in custody and settlement services, joining its other two core pillars of advice and asset management to form its vertically integrated approach.

Fullalove joins Titan Settlement & Custody as CEO with more than 25 years of experience across the financial services, including nearly six years as global head of asset management, insurance and pensions at Barclays Wealth Management.

He has also worked in the technology sector, as an executive committee member of a software company providing solutions to the banking and insurance markets.

“Titan Wealth has grown at an impressive pace over the last few years, the ambition has always been to create a fully integrated end-to-end client-focused approach to wealth management,” said Titan Wealth joint CEO and head of M&A, Andrew Fearon.

“Titan Settlement & Custody complements our two other strategic pillars of advice and asset management by fulfilling every aspect of Titan’s end-to-end client-to-custody strategy.

“Mike is well placed to lead and grow Titan Settlement & Custody, and we look forward to working with him where we can strengthen and broaden the service we provide to our clients.”

Fullalove added: “I am delighted to lead this new phase of development and growth for the Titan Wealth Group.

“The settlement and custody business is an integral part of the offering, whilst also ensuring that state-of-the-art technology and commitment to delivering a quality service sets us apart in the wealth, settlement and custody markets.”

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