UK - Isis Asset Management and F&C Management will axe their UK and European equities desks when they complete their merger.
The combined firm, which will operate under the F&C brand, will replace the desks with a single pan-European team.
The merger, which was announced last month, will create the UK’s fourth largest fund manager with £120bn in assets under management.
F&C chief investment officer Tony Broccardo (pictured) – who will retain his role at the combined firm – said: “Our UK and European desks will sit within a pan-European structure, which both reflects best practice within the asset management industry and suits the needs of increasing numbers of clients.“Isis has already moved its research coverage to a pan-European basis, so this is a logical extension of that move.”
Once the merger is complete Broccardo will have nine desks reporting to him.
F&C’s Humphrey Carey, Christian Dangerfield, Helene Williamson and Jeremy Tigue will head the combined firm’s respective emerging equities, pacific equities, fixed income and global/US equities teams.
Isis’s Bill Brown will lead the firm’s alternative investment markets team, while governance and socially responsible investment will be headed by Karina Litvack. The dealing and strategy teams will be headed by Isis’s James Harwood and Paul Niven.
Pan-European equities will be headed by Gartmore Investment Management’s Richard Wilson.
Investors, driven by depressed interest rates, slower global economic growth and rich equity market valuations are examining non-traditional investment opportunities.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up