Multrees Investor Services, a UK-based custody and consolidated reporting specialist for wealth managers, has appointed Oli Prendergast and Ausaf Abbas to its senior management team.

The company has named Oli Prendergast as new sales head to spearhead its new business development strategy.

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Prendergast, who has over 20 years of experience in the wealth management industry, has most recently worked at Credit Suisse Private Banking UK – marketing their external asset manager solution.

Ausaf Abbas has been appointed the firm’s non-executive director, with a specific remit to support its expanding client base.

Prior to joining Multrees, Abbas served as head of Merrill Lynch’s Global Private Client business in EMEA since 2002. He has over 25 years of experience in the private wealth management and investment banking sectors.

Chris Fisher, CEO of Multrees Investor Services, said: "The appointments of Prendergast and Abbas signal a step change in the development of Multrees Investor Services as we seek to build on a very successful first three years.

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"The fact that two established and respected industry figures have joined Multrees shows that we are now firmly recognised as a leading independent custody and consolidated reporting specialist for wealth managers and family offices."