Cofunds has recruited Marc Bulstrode as operations director.
Bulstrode, who was previously head of change and business management in Fidelity’s UK business, has been charged with developing Cofunds’ service offering for institutional and retail clients.
He has previously held senior roles at Barclays and Old Mutual.
Cofunds chief executive David Hobbs says: “It is great to have someone of Marc’s calibre in our team and sharing his ideas at our top table.
“His experience strengthens our leadership team and underlines our commitment to our customers in improving their experience of dealing with us.”