Increasingly Multi-Asset, City Financial Taps SunGard for Risk

Laurence Wormald, head of APT buy-side research at SunGard

City Financial, which was formed by two former Invesco executives in 2006, has growth-by-acquisition in its DNA—buying both a UK-based retail fund management business, and Neptune Investment Management's multi-manager fund before its second year in existence. It now has around $1.5 billion in assets under management.

Today, its offerings span UK equities, multi-asset, fixed income, and specialist strategies like event-driven credit opportunities targeted at institutions, and the firm needed the a