Credo has appointed Charles van der Merwe as managing director for wealth outsourcing solutions, based in the London office.

Merwe joined Credo in April 2013. As managing director for wealth outsourcing solutions, Merwe will focus on developing and managing Credo’s Financial Institutions’ business in the UK and Europe.

Merwe will lead Credo’s expansion in the provision of outsourcing solutions to wealth managers, financial advisory firms and family offices, with an initial focus on the UK and offshore markets.

With more than 12 years’ experience providing outsourcing solutions to wealth managers, financial advisory firms and family office, Merwe was most recently the CEO of Pershing, where he was responsible for some 60 financial institutions with GBP37bn of assets under custody, and responsible for 700 staff.

"Charles’ market knowledge, his experience and successful track record make him uniquely qualified to lead the expansion of Credo’s Financial Institutions’ business in Europe", said Credo Group CEO, Roy Ettlinger.

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