OPM Fund Management website
City Financial has acquired OPM Fund Management, City Financial's fifth acquisition in the past six months.
City Financial's team of fund managers have assumed investment management responsibility across OPM's £75m fund range.
Mark Harris, head of the CF multi-asset team, will manage the EFA OPM Worldwide Opportunities Fund and EFA OPM Diversified Target Return Fund.
Leigh Himsworth, head of UK equities at CF, will manage the EFA OPM UK Equity Fund and EFA OPM Equity High Income Fund. Mr Himsworth currently manages the CF Eden Select Opportunities Fund.
OPM Fund Management's Tony Yousefian will continue to manage the EFA OPM Fixed Interest Fund and become lead manager of the EFA OPM Property Fund.
{desktop}{/desktop}{mobile}{/mobile}
The team will also manage the range of OPM model portfolios which were created for the Parmenion platform.
Mr Yousefian, chief investment officer at OPM, said: "Following the introduction of the RDR, the board of OPM Fund Management has been evaluating its business model and considering what is in the best interest of our clients.
"I am confident that City Financial, with its team of expert fund managers, is well placed to take on the management of the OPM fund range and deliver highly successful outcomes to
clients."
Ed Rosengarten, head of UK asset management at City Financial, said: "Our appointment gives OPM clients access to a proven team of investment professionals with impressive track records, committed to delivering a compelling, expertly managed outcome to investors."
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
