Link Asset Services has appointed Karl Midl as managing director of Link Fund Solutions and Andrew Lelliott as managing director of Link Fund Administration Limited and Link Financial Investments.
Reporting to Chris Addenbrooke, Midl will be responsible for the authorised fund manager business which provides independent authorised corporate director, authorised contractual scheme operator and authorised unit trust manager services for investment managers who are looking to manage client assets within UK regulated funds.
Based in London, Midl joined Link Asset Services in 1995 and has held a position on the board of Link Fund Solutions since 2002.
Midl is currently the board director responsible for all product, change, and relationship management activities. He has previously held a number of executive roles including operations director and programme director at Link Fund Solutions.
Midl replaces Peter Hugh-Smith, who had held the position of managing director of Link Fund Solutions since 2014.
Lelliott, also reporting to Chris Addenbrooke, will be responsible for the UK investor administration services supporting fund vehicles, distribution models and investor servicing arrangements for investment managers and asset owners.
Lelliott joined Link Group last year having spent more than 30 years in financial services.
He has held senior positions within fund manager, transfer agency and trust bank organisations.
Commenting on the new appointments, Addenbrooke, said: “Karl Midl and Andrew Lelliott have both played key roles in helping Link Asset Services achieve significant market share over the last ten years. Their experience and insight will be extremely valuable as we take the next step in our journey.”
He added: “I would like to thank Peter Hugh-Smith for his excellent work over the last five years, most recently helping the business integrate with Link following the acquisition. We wish him well for the future.”
