F&C Asset Management
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| A wholly owned subsidiary of Bank of Montreal (BMO) | |
| Industry | Investment management |
| Founded | 1972 |
| Headquarters | London, England, UK |
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Key people
|
Kieran Poynter (Chief Executive) |
| Revenue | £257.5 million (2013) |
| £38.5 million (2013) | |
| £10.2 million (2013) | |
| Website | www.fandc.com |
Kieran Poynter
(Non-Executive Chairman)
F&C Asset Management Plc is an asset management company and is part of BMO Global Asset Management.
The Company was founded in 1972 as the manager of the Foreign & Colonial Investment Trust under the name F&C Management Limited.
In 1985 the Company started managing third party funds. In 1989 the Company established a partnership with Germany’s HypoVereinsbank who acquired a 50% stake in the business; this stake was increased to 90% in 1998. In 2000 Eureko purchased HypoVereinsbank’s 90% stake and in 2001 went on to secure 100% control and consolidate their asset management activities with those of the Company under the F&C brand.
In 2004 ISIS Asset Management merged with F&C Management Limited to form F&C Asset Management and the combined business was then listed on the .
In 2008 Friends Provident announced its intention to divest its shareholding in F&C Asset Management. This was completed in 2009.
On 7 May 2014, F&C Asset Management plc was acquired by Bank of Montreal through its wholly owned subsidiary, BMO Global Asset Management (Europe) Limited.
The Company's investments include key asset classes such as equities, bonds, cash and property – as well as alternative and specialist sectors such as socially responsible investment, hedge funds, funds of hedge funds and private equity funds.
F&C is dedicated to asset management. The company’s clients include retail investors, financial advisers, and large institutional investors such as public authorities and insurance charities. The Company has offices throughout the world, and has more than three million private and corporate clients on whose behalf, as at 31 December 2013, it managed £82 billion of assets.
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Wikipedia