Custodian founder leaves non-exec post

The founding director of Custodian Property Income REIT has stepped down as a non-executive director of the company. Ian Mattioli will be committing more time to his role as chief executive of wealth manager Mattioli Woods following its recent transition to private ownership, and so will leave his non-exec post at Custodian, which was formed with seed assets from Mattioli Woods. Nathan Imlach has been appointed as a new non-executive director. Imlach is senior independent director of Mortgage Advice Bureau and chief strategic adviser to Mattioli Woods. David MacLellan, chairman of Custodian, said: “The board thanks Ian for his invaluable contribution as founding director of the company since its establishment in 2014. Ian instigated Mattioli Wood’s syndicated property initiative that developed into the seed portfolio for the launch of the company.” Mattioli said: “Back in 1999, I was instrumental in creating Mattioli Woods’ property syndicate initiative, which became the seed portfolio for the company as we know it today. It has been an honour to serve as a founding director, contributing to the company’s vision and strategic direction.”