UK - F&C Management and ISIS Asset Management today said that the top-level investment management structure for the enlarged business will have nine direct desk reports reporting to the CIO, Tony Broccardo (pictured).
Last month, the two companies announced a merger to create a leading pan-European asset manager with £120bn (e170bn) assets under management, making it the fourth largest UK based asset manager and a top ten manager of pension funds in Europe. The enlarged group will adopt F&C’s corporate brand.
The direct desk reports will cover pan-European equities, emerging equities, pacific equities, global/US equities, fixed interest, strategy, dealing, governance & socially responsible investment and a desk focused on the alternative investment market.
A major feature of the new organisation will be a move to a pan-European equity team structure. Both F&C and ISIS currently operate separate UK and European desk structures.
The group will also adopt a global research approach and will see each regional fund management desk include investment professionals whose roles are primarily devoted to investment research.
Howard Carter, CEO of ISIS who will become CEO of the enlarged company, commented: “Our goal is to successfully integrate these two businesses swiftly, with minimal disruption to our clients.”Broccardo added: “This structure reflects both the strengths of the enlarged business, including some major specialist expertise, and the needs of its clients who are principally based in the UK and Europe. “The structure also defines clear lines of responsibility to allow desk heads to get on with managing their teams and delivering performance consistent with client goals. My role will be to empower, support and challenge these desk heads and to take overall responsibility for asset allocation.”
The new structure for CIO reports will be: _ Alternative Investment Market – Bill Brown (ISIS)_ Dealing – James Harwood (ISIS) _ Emerging Equities – Humphrey Carey (F&C)_ Fixed Income – Helene Williamson (F&C)_ Global/US Equities – Jeremy Tigue (F&C)_ Governance & Socially Responsible Investment – Karina Litvack (ISIS)_ Pacific – Christian Dangerfield (F&C)_ Pan-European Equities – Richard Wilson (joins from Gartmore)_ Strategy – Paul Niven (ISIS)
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