City Trustees - part of Mattioli Woods

News and Media

06 October 2014

City Trustees boost IFA Support by recruiting ex-Cofunds Manager

Richard Lambdon

City Trustees, the specialist IFA-facing pension provider which is part of the Mattioli Woods Group, is delighted to announce the appointment of Richard Lambdon as Business Development Manager.

Richard joins City Trustees after working at Cofunds for ten years in a variety of sales roles. His most recent position was Strategic Partnership Manager; successfully building relationships with advisers across the UK's intermediary market, specifically in East Anglia.

Richard, who is working towards a Diploma in Regulated Financial Planning, said:

"I am delighted to be joining City Trustees at this exciting time. To be part of a successful and fast growing business was a real attraction. City Trustees has great potential in various markets and I am excited to be on board as we develop further advisory services towards 2015."

Ed Carey, Managing Director of City Trustees, adds:

"Richard is joining us at an exciting time. The regulation changes in pensions and growing adviser interest in the City Trustees Academy means we have an exciting future. Richard has a fabulous track record in the adviser market and I am looking forward to working with him."

City Trustees has developed an excellent reputation for providing bespoke pensions administration coupled with first-rate client service and has been awarded the Defaqto 5-star rating for its SIPP. Revenues increased by 34.8% to £2.13m the year ended 31 May 2014.

This represents 7.2% of total revenues, of which 89.4% are recurring. This strong revenue growth was driven primarily by the acquisition of Ashcourt Rowan plc's pension administration business in April 2013.


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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.