Multrees appoints former Fidelity UK CEO, Hugh Mullan, as non-executive director

13 April 2015

Multrees Investor Services, the independent custody and consolidated reporting specialist for wealth managers and family offices, has appointed former Fidelity UK CEO Hugh Mullan as a non-executive director.

Hugh Mullan joins Multrees Investor Services from his prior role as the UK CEO at Fidelity Worldwide Investment. He has extensive experience managing investment and retail savings businesses as well as broad knowledge of financial services operations and technology.

Whilst at Fidelity, Hugh was also a member of the company's Global Operating Committee and, prior to his UK CEO role, he managed customer services, operations, technology and fund accounting across all of Fidelity's European businesses. He joined Fidelity in 2008 from Barclays Wealth where he held roles as chief operating officer of the Investment and Product Division and as global head of operations. Hugh has also held senior business and operations roles at Schroders and Citibank.

Nigel Pilkington, chairman of Multrees, comments: "Attracting someone of Hugh's calibre to Multrees is incredibly exciting for the business. He is exceptionally talented across a broad range of business needs, making him an ideal individual to help provide further industry expertise and guidance to the Multrees board."

Chris Fisher, CEO of Multrees, says: "We are very much looking forward to having Hugh join as a non-executive director. His experience of the investment, IT and wealth management industries, alongside his in-depth experiences across operations, ensure he will be an invaluable asset. His new role will provide an ideal aid for our chief operating officer, Clive Stelfox, and chief technology officer, Jaco Cebula, as we grow and scale our business efficiently in our core target markets."

Hugh Mullan adds: "I am delighted to be joining Multrees at this important stage in its development. These are interesting times for wealth managers as regulation and increasing customer sophistication challenge business models. Through its