London-based City Financial is to acquire the investments funds business of Iveagh, the Guinness family office, for an unspecified sum. Chris Wyllie, Iveagh’s chief investment officer, together with the rest of his team will also move to City Financial. 

The deal covers around £200 million of assets encapsulated by Iveagh\'s Dublin-domiciled UCITS. This includes the Iveagh Wealth Fund, a mirror of the strategy used to manage Guiness family money, as well as six risk targeted portfolios.

"Iveagh and City Financial are delighted to confirm that they are entering into an arrangement to tran...