CHC Update

Davy replaces Bastow Charleton Wealth Management Limited (BCWM) supporting the liquidator of CHC.

Background

Custom House Capital (CHC) was wound up in 2011 following an order by the High Court, and KPMG appointed liquidator. Davy is now acting in an administrative capacity to assist KMPG, replacing Bastow Charleton. With more than 680 staff, in excess of €14 billion in assets under management and over 90 years' experience servicing the investment needs of Irish clients, Davy is a highly professional and regulated partner. We can provide the scale and resources to support KPMG and CHC clients through the conclusion of the liquidation process.

It's important to note that these changes will have no negative impact on you and they have been implemented to expedite the issue of payments to you as a client of CHC.

How can Davy help?

Davy has been engaged to support the liquidator. We have put in place a dedicated and highly experienced client service team who will ensure any payment made to you from CHC is processed efficiently, and that you receive your funds as soon as they are authorised.

Davy will contact you directly once reconciliation of your CHC account has been completed. If you have a query in relation to the amount you may receive or timing of any payment to you, please contact KPMG directly.

Please contact us for further information

We have a dedicated support team in place to deal with any queries you may have.

Davy support team

KPMG support team

Frequently asked questions

Why has Davy become my point of contact? 

KPMG, as liquidator of CHC, has appointed Davy to support KPMG throughout the liquidation process. with more than 680 staff, in excess of €14 billion in assets under management and over 90 years' experience servicing the investment needs of irish clients, davy is a highly professional and regulated partner. 

Am I a Davy Client? 

No. Davy has solely been engaged as administrator to the liquidator. You will no longer be a client of CHC once you receive compensation. You may however opt to transfer the funds received, your pension and/or other funds transferred directly to Davy, and in doing so, become a Davy client.

When will I receive compensation?

In our role as administrator to the liquidator, Davy is not in a position to provide an update on when compensation will be paid. We are currently working with KPMG in relation to the liquidation process and ask you to bear with us until this is concluded.

If you have a query prior to receiving compensation, please contact KPMG directly .

How can I be assured of confidentiality and know my personal data is secure?

All CHC client data is maintained on the original CHC systems. KPMG as liquidator has secure access to this data in addition to Davy in our role as administrator. As a regulated entity we adhere and implement specified measures to ensure all prevailing data protection requirements are adhered to.