Agility + Acumen

We’re independent. We’re not owned by a bank. We’re not owned by an

insurance company. We’ve deliberately designed a nimble company to bring

to advisers and investors a straightforward series of funds managed by

individuals who we believe are masters of their craft.

A good fund manager, like any good craftsman is hard to find. Once found, City

Financial harnesses the proven skills of these individuals. Without legacy or

conflict of interests and without the distractions that a big company brings, the

managers are empowered to focus on creating something remarkable for our

investors and their advisers.

Update - City Financial continues expansion with senior operations hires in New York and London

City Financial has announced the appointment of four new senior operations hires. Amy Wong, William Dumas, Justin Brodersen and Simon Taylor joined the firm with effect from 1 December 2016. All four will report directly to Lou Thorne, Global Chief Operating Officer.

They all join from Fortress Investment Group (NYSE: FIG) where they previously worked with Lou in the Liquid Markets business. Amy Wong was Co-Director of Operations and Treasury, William Dumas was Co-Director of Operations, Justin Brodersen was Director of Middle Office, and Simon Taylor was UK Operations Manager. Amy, William and Justin will be based in New York, while Simon will be based in London.

Lou Thorne, Global Chief Operating Officer at City Financial, said: “As we continue to expand our business across three continents, the time is right to invest in senior operations hires with hedge fund experience. I had the pleasure of working with Amy, William, Justin and Simon at Fortress, and look forward to working with them again at City Financial as we continue to build the operational infrastructure that our clients require and expect.”

Andrew Williams, Chief Executive at City Financial, commented: "Asset growth exceeded expectations this year, and we are in a strong position to invest in senior people and teams in order to best support future growth. It is a testament to the firm that Lou has been able to attract his former colleagues to City Financial, and I’m confident that their collective experience will prove invaluable as we build our business and launch new investment strategies.”

Update - City Financial appoints Lou Thorne as Global Chief Operating Officer

City Financial has appointed Lou Thorne as Global Chief Operating Officer.

Based in New York, Lou will be responsible for City Financial's global operations, risk, legal, compliance and technology teams across six offices. He will report to Andrew Williams, Chief Executive, and will join City Financial's executive management committee.

Prior to joining City Financial, Lou was Managing Director and Global Chief Operating Officer of Fortress Investment Group's (NYSE: FIG) Liquid Markets Hedge Fund business. At Fortress he was responsible for infrastructure and support functions, and was actively involved in firm-wide infrastructure planning and business development. Lou has extensive experience across varying strategies and structures spanning the US, Europe and Asia, and has an enviable track record of successfully building and managing global teams.

Prior to this, Lou was the Chief Operating Officer and Chief Compliance Officer at MissionPoint Investment Partners. He began his career at Tudor Investment Corporation, where he spent over eight years serving in various middle and back office capacities. Lou graduated with a B.S. in Banking and Finance from Hofstra University.

Lou succeeds David Levitan who will be stepping down from the role 1 March 2017 to pursue interests outside of the investment management industry. Lou and David will be working closely over the next five months to allow for a seamless transition.

The move demonstrates City Financial's commitment to the continued development of the firm, and in particular, a significant investment in operational infrastructure as we grow both the scale and number of investment strategies that we offer our clients worldwide.

Update – City Financial acquires Convex Strategy

City Financial has acquired management of the Convex Strategy, with current assets of US$180 million, from Fortress Investment Group LLC in Asia. The acquisition further expands City Financial’s Asian business alongside the Asian macro team based in Hong Kong and the Japanese equities team.

Andrew Williams, Chief Executive, City Financial says: “David Dredge (Chief Investment Officer, Convex) is a seasoned and well-respected hedge fund manager, having developed a proven process and track record in volatility trading. David and the team’s unique investment expertise align perfectly with City Financial’s broader plans to offer investors a highly differentiated range of investment strategies.”

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Update - City Financial appoints Meredith Cartwright to Board of Directors

City Financial has appointed Meredith Cartwright to its Board of Directors. She joins as a Non-Executive Director alongside current board members David Beatty, Jack Hollihan, Michael Stein and Lalit Aggarwal, as well as Chairman Rob Hain and Chief Executive Andrew Williams.

Andrew Williams, Chief Executive of City Financial, commented “City Financial is rapidly growing in terms of both assets and people. Meredith is an experienced investor and director; her distinct skills, and in particular her long-standing commitment to equality and enterprise, complement the existing Board and will enhance both our governance and City Financial’s ability to attract accomplished professionals to further grow the business.”

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Update - City Financial appoints Stefan Garcia as Global Head of Distribution

City Financial has appointed Stefan Garcia as Global Head of Distribution to be based in London with effect from 4 May 2016.

Andrew Williams, Chief Executive, City Financial, said: “Stefan is a highly esteemed and experienced professional. His 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. His experience and energy will further accelerate the growth of the business.”

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