Mattioli Woods, a provider of pension consultancy and wealth management services in the UK, has appointed former Cofunds head of distribution development, Ed Carey, to lead a restructure of its pension administration business- City Trustees.
In his new role, Carey will be tasked with driving through improvements to City Trustees proposition.
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Mattioli Woods sales and marketing director Murray Smith said that Carey will join the firm later this month and the changes, which will include a rebrand, will see City Trustees function in a similar way to a platform.
Smith said that the rebrand and re-launch of City Trustees is scheduled to take place in the first quarter of 2014.
Smith said: "Ed brings with him an expertise around platforms and he will be helping us to improve the functionality of the interaction between City Trustees and its IFA connections."
"City Trustees will look a lot more like a platform as we move forward, although it will not forget its roots as a Sipp and Ssas provider.
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By GlobalData"It may in time look quite different and it will offer more sophisticated product design and implementation for intermediaries to help them put together investment propositions for clients.
"That is likely to include things like DFMs, structured products and property-based solutions," added Smith.
Head of platforms relations Freddie Findlater said: "The platform market is already very crowded so Mattioli Woods will need to be absolutely clear about why advisers should choose it over other more established providers."
