City started providing corporate and fund services in 2006. At that time, such outsourced service provision was a well-established alternative to the direct employment of staff to carry out non-core activities. Our ambition was to raise the standard of outsourced services and, wherever possible, lower the fees. In particular, we sought to add value through innovation and we welcomed accountability.

City is wholly owned by its directors and each of the two previous chairmen of the board of directors, and is independent of any other business. Its principal shareholder is its founder and managing director, Robin Smeaton, who, as chief executive of the business services arm of a merchant bank, developed a corporate and fund services business with some £1.5bn funds under administration and 200 UK fund management clients before launching City.

City’s management team comprises:

• Robin Smeaton, Managing Director;
• Rudi Smeaton, Director of Operations;
• Danielle Myring, Director of Receiving Agent & Registrar Services; and
• William Grant-Buckley, Director of Software Development

Under the The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, City is registered with the FCA as an Annex I financial institution (reference number 593293).

City is certified under the UK Government-backed Cyber Essentials Plus scheme (certificate here).

Annually, City attests to SWIFT's Customer Security Controls Framework concerning its connectivity with Euroclear's securities settlement system, CREST.