About City & Continental

Company Profile

City & Continental Ltd is a London based institutional broker dealer specialised in illiquid, distressed and special situation credits

History

The company was founded in 1999 by Oliver Butt, formerly of Salomon Brothers, Henry Keller and Mark Littlejohn both from Bank of America. Since then the company has expanded and has developed a niche in distressed debt as well as the conventional bond markets and now employs twelve highly experienced dealers, servicing institutional clients in a range of instruments from illiquid Eurobonds through to the repackaging and securitisation of secondary market loans.


How City & Continental can help you

From price discovery, through to the sourcing of high yielding distressed debt, City & Continental's staff deal provide financial institutions with expertise and breadth of vision in the often opaque bond and loan markets.

Settlement

City & Continental Ltd clears its bond transactions through Pershing Securities Ltd via a "Model B" clearing arrangement. Under this agreement, Pershing undertakes to honour transactions we strike in the market and therefore becomes the counterparty to our clients. Pershing is fully owned by Bank of New York, which is rated Aa2 by Moody's.

We can offer, in certain circumstances, custody services to customers, Pershing Securities acting as nominee. For further information regarding Pershing, please contact us directly

Regulation

City & Continental Ltd is authorised and regulated by the Financial Conduct Authority (FCA).



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