Former Morningstar duo to join City Financial

City Financial has hired former Morningstar OBSR duo Peter Toogood and Gill Hutchison.

Mr Toogood and Ms Hutchison are set to join City Financial on October 1 in “research and consulting” roles across the firm’s multi-asset, equity, fixed income and alternatives teams.

City Financial said the hires were the latest step in is development to provide a “wide range of solutions for advisers and institutions”.

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Andrew Williams, chief executive of City Financial, said: “We recognise that the future of fund management firms like our own lies in proving a complete, solutions based package of services, including fund research and consulting.”

Mr Toogood and Ms Hutchison both left Morningstar OBSR in June, where Mr Toogood was investment services director and Ms Hutchison was head of investment consultancy.

Last week it was revealed that City Financial’s head of UK asset management Ed Rosengarten was set to leave the firm, just one year after joining as part of City Financial’s acquisition of Eden Financial.