City Trustees - part of Mattioli Woods



News and Media

25 July 2013

Mattioli Woods recruits former Cofunds head to boost IFA offering

Mattioli Woods plc, has announced the appointment of Ed Carey as the new Managing Director of City Trustees, its IFA-facing SIPP and SSAS administration specialist business.

Ed joins Mattioli Woods with nearly 20 years' of experience gained in the financial services sector. Ed previously worked for Cofunds for a number of years and was part of the start-up team, building the telephone and field based sales infrastructure. By working closely with fund managers, technology suppliers and third party product providers, Ed's team developed new sales distribution channels, which made the business into a market leader. Prior to Cofunds, Ed also worked at leading global investment companies Invesco Fund Managers and Legg Mason.

Commenting on this new appointment, Murray Smith, Sales and Marketing Director, said:

"We are delighted to welcome Ed to the Group. His knowledge and experience will be essential in assisting us to drive forward City Trustees.

"Ed will be tasked with the growth of the business, further developing our intermediary proposition and widening the remit of services we offer to the market place. He is perfectly positioned to investigate the introduction of platform technology to enhance our offering".

Ed's appointment follows the recent high-profile acquisition of Ashcourt Rowan's pension business, as well as the appointment to operate the HD SIPP in June 2013, both of which now come under the City Trustees brand.

Ed added: "I am thrilled to join such a growing organisation, in which my initial focus will be to improve the interaction between City Trustees and its IFA connections. Part of this remit will be to create a sophisticated product offering and proposition to assist intermediaries in putting together investment propositions for their clients".

Ed joins Mattioli Woods plc at an exciting time, following year-on-year growth and a recently strong trading update, with total assets under administration and advice up 20% on the previous year to £3.6bn.

 

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City Trustees is a trading name of Mattioli Woods plc. For news updates on the Group, please visit our central News & Media on the Group website.