Fund Management

Multrees Wins UK Wealth Client

Editorial Staff, 7 September 2021

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The new client firm, which serves family offices, UHNW clients and retail clients, was founded in 2017.

Multrees Investor Services, the UK-based firm, has been chosen by Omba Advisory & Investments to provide custody and white labelled platform/client reporting solutions to its family office, ultra-high net worth and retail clients.

Omba, founded in 2017 and located in London, offers investment management solutions through global actively-managed multi-asset and equity exchange-traded fund portfolios and UCITS funds.

The partnership with Multrees will enable Omba to provide both UK onshore and offshore custody solutions to its clients, Multrees said in a statement.

“The open architecture of their platform will allow us to achieve operational efficiencies through straight-through trade processing and centralise custody to continue to achieve cost savings for our current and future clients,” David Pierson, Omba chief operating officer, said. 

Multrees delivers outsourced investment services to wealth managers, private banks, family offices and advisory businesses. In November, Multrees won a client in the form of UK-based Church House Investments (CHIM). In July, meanwhile, Multrees named Glenn Murphy as chief operating officer. He joined from Stonehage Fleming, the multi-family office, where he was the COO. In June, Multrees appointed Elaine Clements to join the board of directors. 

See a guest article about the shape of the wealth and asset management sector from Multrees.

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