UK - F&C Investments has merged a number of its key investment teams to form a new investment solutions division and announced three hires to boost its fiduciary offering.
The new division will combine F&C's asset-liability management, multi-asset investment, insurance advisory, fiduciary management, derivative fund management and institutional manager selection teams.
It will be run by Richard Watts, who has been appointed head of investment solutions.
F&C said the investment solutions business would build on its skills in asset allocation and liability-driven products as well as further advance the firm's move into providing fiduciary management services, an area in which F&C already has a number of clients in the Netherlands.
It said it has hired Ernst Hagen - currently head of asset management at Pensioenfonds Horeca & Catering, one of the largest Dutch industry pension schemes - to head its Fiduciary Investment desk. Hagen will join F&C on 4 January and will be based in its Amsterdam office.
In addition to this, the firm has strengthened its multi-management capabilities through the recruitment of two new institutional manager selection specialists to focus on addressing the needs of fiduciary management clients and overseeing existing third-party mandates.
Peter Hill-King joins as head of manager selection from P-Solve Asset Solutions and David White, who previously worked at Aon, will join as director of manager selection.
F&C head of distribution & business development Cristobal Mendez de Vigo said: "F&C has three distinct pillars to its product strategy; alpha investing, sustainable investments and our advisory and solutions business.
"The investment solutions business brings together a number of advisory and solutions expertise developed over many years working for large insurance clients and pension funds. This will further strengthen our ability to offer our institutional clients comprehensive solutions to help them meet the challenges of an ever changing investment and regulatory landscape."
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