City Asset Management founder and managing director Viv Coghill has died following a short illness.
Coghill, who founded City AM in 1988 and was responsible for the overall management of the company, had more than 20 years’ experience in the industry.
He will be succeeded by his son Nick Coghill, who joined City AM on June 1. He was most recently a managing director in Morgan Stanley’s equity division and co-head of the Europe, Middle East & African region for derivative sales.
Nick Coghill says: “City Asset Management is looking to build on its business model and consistency of delivering investment and wealth planning solutions to investors over the coming years while running a solid and financially strong company.
“I am looking forward to using my knowledge of the wealth management industry to help City Asset Management build on the strong foundations my father laid.”
Business development director Helen Angove says: “Viv’s legacy is a strong company with its roots firmly planted in the wealth management field.
“Nick has an in-depth understanding of the issues and opportunities that individual investors and IFAs face and his collective knowledge of the industry and contacts offers an insight that will be incredibly beneficial to both City Asset Management and its clients.”