Iain Fulton has been appointed as the new chief operating officer of Malta-based Prestige Capital Management.
Fulton joined the company in May 2014 on a full time basis and will also support for various Prestige companies internationally.
This additional resource will ensure greater professional and management capacity and enable Prestige to achieve its ongoing regulatory obligations including the Alternative Investment Fund Managers Directive (AIFMD) and European Market Infrastructure Regulation (EMIR) obligations, along with its medium term expansion plans.
Fulton first worked for Investcorp Bank in Bahrain before moving to Merrill Lynch and then to Wellington Management International, both in London. He then moved to London based Otkritie Securities Limited, a Russian-owned firm of stockbrokers, before joining London based Sberbank CIB (UK), Russia’s largest bank (formerly known as Troika Dialog).
Fulton says: ‘I am very excited to join Prestige at such an interesting time in its development. There is clearly a lot of work to be done and some very significant opportunities exist both in Malta and wider Europe right now and I believe I can add real value to Prestige’s medium term objectives. There has seldom been a more relevant time in recent history where there is a need to provide investors with a genuine alternative inflation hedge in an increasingly uncertain and volatile world.’
Craig Reeves, founder of Prestige, says: ‘I am delighted that Iain is joining us at such an exciting time in our development. It is now over three years since we established a regulated investment management business in Malta and I have often been quoted as saying our business is all about good people and good processes. Iain’s experience will help us to achieve our growth plans for both the Malta Funds business and the wider Prestige businesses.”