FUND manager F&C Asset Management has posted a rise in full-year earnings per share but warned that it expects margins to come under pressure.
F&C Asset Management's new chief executive, Alain Grisay, has warned that all of Europe's major banks and insurance groups are reviewing the future of their in-house fund management groups.
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F&C Asset Management believes a move to exclude investment trusts from the FTSE All-Share Index would clash with its admission of foreign mining firms.
FRIENDS Provident has become the latest life assurer to record ballooning UK sales for 2005, but its troubled Scottish fund manager, F&C Asset Management, recorded an alarming slump in its fourth quarter.
IT HAS been apparent to most City observers for some time that the deal which created F&C Asset Management has not gone to plan. So when it emerged last week that Ian Paterson Brown, the finance director, is about to leave the company, the news set tongues wagging.
F&C Asset Management, the fund business with offices in Edinburgh and London, has announced the departure of chief financial officer Ian Paterson Brown.
IAN Patterson Brown, a 24-year veteran of Edinburgh-based F&C Asset Management, has been ousted as finance director of the under-performing investment house - a move seen as downgrading the role of its Scottish operation.
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