Multrees Investor Services, the independent custody and consolidated reporting specialist for wealth managers and family offices, has appointed Oli Prendergast and Ausaf Abbas to its senior management team.

Multrees Investor Services, which provides investment administration, reporting and custody services for wealth managers and family offices, has appointed Oli Prendergast and Ausaf Abbas to its senior management team.

Prendergast joins as head of sales to spearhead its new business development strategy.

He has 20 years of experience in the wealth management industry and was most recently a director at Credit Suisse, marketing their external asset managers solution. Before this, he was at UBS Wealth Management.

Ausaf Abbas joins as a non-executive director, with a specific remit to support its expanding client base.

Abbas has over 25 years of experience in the private wealth management and investment banking sectors.

From 2002, he was head of Merrill Lynch’s global private client business in EMEA. He then moved to Morgan Stanley as head of sales and marketing of its EMEA private wealth management business.

In 2011, Abbas established his own financial advisory and consultancy firm, Coombe Advisors.