Multrees Investor Services (Multrees) is to continue providing GAM Wealth Management administration and custody services after an agreement to extend the partnership. Multrees was first awarded a custody mandate by GAM Wealth Management in 2015. The new extended, outsourced service will move GAM’s wealth management business to a technology model. According to Multrees, the new mandate will lead to reduced complexity and increased operating effectiveness and efficiencies. GAM Wealth Management, part of independent global asset management firm GAM, provides investment solutions to high net worth individuals, family offices, trusts and charities. GAM has more than 35 years’ experience managing private client portfolios. Chris Fisher, founder and CEO of Multrees (pictured), comments: “Our aim with everything that we do is to carefully match our client requirements with the appropriate technology solution, ensuring they are getting exactly what they need and not paying for what they will not use. We are delighted to be continuing our work with GAM to support the growth of its wealth management business.” Martin Jufer, global head of wealth management at GAM, says: “The strengthening of our strategic partnership with Multrees’ flexible and innovative technology services will further support efficiency and growth across our wealth management business. We have already experienced the benefits of working together and we have been consistently impressed with the team’s in-depth knowledge and understanding of the needs and requirements of asset managers in today’s shifting landscape.”
