City Financial is to acquire Guinness family office Iveagh's funds arm in a deal that will see Chris Wyllie move to the boutique fund house, Investment Week can reveal.
The deal, subject to regulatory approval, will see Iveagh's £200m Dublin-domiciled UCITS business transfer to City Financial. Iveagh, which is still owned by the Guinness family, offers a range of retail funds, including the £116m Iveagh Wealth fund - a mirror of the strategy used to manage the family's money - as well as six risk-targeted core portfolios. CIO Wyllie and his team will transfer over to City Financial as part of the deal. "Iveagh and City Financial are delighted to confirm that they are entering into an arrangement to transfer Iveagh's Dublin domiciled UCITS business...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
