Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

City Financial hires ex-Fidelity man Coombe as CFO

City Financial hires ex-Fidelity man Coombe as CFO

Asset manager City Financial has appointed Chris Coombe as chief financial officer (CFO).

Coombe, who will be joining on 23 June, will report to chief executive Andrew Williams. In his new role, Coombe will lead City Financial’s finance, operations and client services, regulatory compliance, legal, technology, facilities and human resources teams.

Coombe has held a number of senior roles in the industry, including CFO of Fidelity Worldwide Investment and group financial controller of Schroders in the UK. He also experience in executive management at Prudential Securities and Morgan Stanley.

More recently he was based in Abu Dhabi, as chief executive of the joint venture between Mubadala Development Company and Mesirow Financial, and as chief operating officerof Invest AD.

CEO Williams said: 'Chris [Coombe] is a highly respected and experienced professional. His appointment demonstrates our commitment to the continued growth of our firm, which offers innovative investment strategies for individual and institutional clients worldwide and has investment teams based in London, Hong Kong and Guernsey. 

'He will contribute to the development and launch of our new investment offices in Geneva and New York and to the continued growth of City Financial’s business in the United Kingdom, Europe, Asia and the Americas.'

In June, Wealth Manager revealed Iveagh’s investment team, including CIO Chris Wyllie, would not move across to City Financial following its acquisition of the wealth boutique. The deal, which included Iveagh's multi-asset funds business, was worth just under £200 million.

This followed City's acquisition of OPM Fund Management last year, as revealed by Wealth Manager, alongside that of Eden Financial the previous year.

City Financial currently manages $2 billion (£1.18 billion) in assets.                                            

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter