City Financial's multi-asset fund manager Tony Yousefian has left the firm after less than a year, IFAonline sister title Investment Week understands.
Yousefian was previously chief investment officer at OPM Fund Management before the business was taken over by City last April.
Following the acquisition, Yousefian (pictured) joined the multi-asset team, working with head of multi-asset Mark Harris.
Last week it was announced Yousefian's £31m EFA OPM Fixed Interest fund was being merged into the City Financial Fixed Interest Diversified fund, with the enlarged mandate to be run by Harris.
Sources told Investment Week the manager has left the group following the merger.
A spokesperson for City Financial said: "The OPM Fixed Interest fund is soon to be merged into the City Financial Diversified Fixed Interest fund, which will be actively managed by the multi-asset team under the direction of Mark Harris.
"Mark heads City Financial's talented team of multi-asset specialists including Peter Toogood, Gill Hutchison and Anthony McDonald who have provided asset selection and allocation advice to advisers for many years, and is supported by highly regarded risk manager Tim Short.
"In addition to other members of the multi-asset team, Mark draws on the expertise of our global fixed income managers including Graham Glass in Guernsey and John Sullivan, Sebastian Ashton and Wolfgang Felix in London to ensure that the firm continues to meet the expectations of investors and advisers."
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