Amundi Alternative Investment Services Has Been Acquired By HedgeServ

Chicago, IL – April 15, 2011; City Capital Advisors, LLC is pleased to announce that Amundi Alternative Investment Services (“Amundi”) has been acquired by HedgeServ. City Capital served as the exclusive financial advisor to Amundi and its majority owner, Credit Agricole, in this transaction. Amundi was sold to HedgeServ as a result of Credit Agricole’s decision to divest its North American based clearing services provided to wealth management clients with alternative investments in offshore-based funds of hedge funds. HedgeServ will continue to provide Credit Agricole with clearing services under a services contract.

Transaction Summary

City Capital conducted a market clearing sale process before closing the transaction with HedgeServ. After contacting numerous other clearing services and asset management firms, HedgeServ was chosen on the basis of its need for Amundi’s personnel and its ability to provide uninterrupted clearing services to Credit Agricole. The terms of the transaction are confidential.

About Amundi

Amundi has been a captive fund of hedge funds administrative services provider for Credit Agricole, one of the world’s largest banking and wealth management firms. Amundi is among the leading fund of hedge fund services providers in the world, having serviced approximately $25 billion of alternative investments at its height in the year 2007. As part of the transaction, all of Amundi’s professionals will remain in Chicago as employees of HedgeServ.

About City Capital Advisors

City Capital Advisors, a FINRA registered broker-dealer, is a results oriented investment and merchant banking advisory firm. Client engagements are managed exclusively by experienced senior investment bankers who deliver business owners optimal performance in capitalizing on the value of their companies and meeting their objectives as shareholders. City Capital’s investment banking professionals have successfully advised clients on merger and capital markets transactions totaling in excess of $60 billion.