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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.

In this new role, Stefan will directly oversee City Financial’s distribution, marketing, communications and sales efforts. Stefan will work closely with Dan Lincoln and Neil Scrase in building both City Financial’s distribution and marketing capabilities.

Prior to joining City Financial, Stefan was Managing Director and Co-Head of Europe, the Middle East and Africa at Source, which he joined when it was founded in 2009, helping to build it into one of the largest ETF businesses in Europe with over US$20 billion in assets. At Source he was responsible for distribution and helped manage a team of 30 salespeople. Before this, Stefan was a senior executive and one of the first employees at ETF Securities Limited in London. Stefan holds an MBA from London Business School and a Bachelor of Arts in Economics from Brown University.

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.”

Stefan Garcia commented: "City Financial has established itself as a leading independent asset manager with some exceptional capabilities in both alternative and long-only products. 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. I look forward to working with Andrew and his team to expand the business in new and existing markets."