UK - F&C CFO Ian Paterson Brown will leave the company "by mutual agreement" after the Annual General Meeting in May, becoming the second to leave as part of CEO Alain Grisay's management reshuffle.
In November last year, Tony Broccardo’s position as CIO was terminated and replaced with a new role of head of investments.
An F&C spokesperson confirmed Brown was also leaving as part of the restructuring enacted by Grisay. “As you would expect whenever you have a new CEO, they would want to put their own team in place.”
When asked if there were any further management departures on the cards, the spokesperson said: “If there are any further announcements, we will make them at the time.”
The Nomination Committee and the Board have now commenced the task of identifying a successor.”
By Damian Clarkson
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