City Financial has appointed a new global head of distribution, poaching Stefan Garcia from Source.
Garcia will oversee the distribution, marketing, communications and sales at City, which has $4.3bn in assets under management. He will work with Dan Lincoln and Neil Scrase on the firm’s distribution and marketing capabilities.
He has been at Source since it was founded in 2009, where he was managing director and co-head of Europe, the Middle East and Africa.
Andrew Williams, chief executive at City Financial, says: “[Stefan’s] appointment demonstrates our commitment to the continued development of the firm, which offers innovative investment strategies for individual and institutional clients worldwide and has investment teams based in London, Hong Kong, New York and Geneva.”
Garcia adds: “With demand for alternatives expected to grow materially across institutional and wholesale markets over the coming years, the time is right for City Financial to expand its distribution and marketing capabilities to better serve its growing client base.”