This publication brings latest news of appointments in the global wealth management sector.

CityFinancial, a UK asset manager, has appointed Stefan Garcia as global head of distribution, a new role.

Prior to joining City Financial, Garcia was managing director and co-head of Europe, the Middle East and Africa at Source, an exchange traded products group that works with banks, from when it was founded in 2009. He previously also held the position as senior executive at ETF Securities. 

In this new, London-based role, Garcia will oversee City Financial’s distribution, marketing, communications and sales efforts, a statement from the firm said.

“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. His experience and energy will further accelerate the growth of the business,” said Andrew Williams, chief executive. 

City Financial has $4.3 billion of assets under management.