F&C Asset Management

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 London Stock Exchange.

In 2008 Friends Provident announced its intention to divest its shareholding in "F&C Asset Management". [ [http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/01/cnfriends101.xml Friends Provident to sell Asset Management] ]

Operations

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.

Although many financial services companies sell insurance or banking products, 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 charities. The Company has offices throughout the world, and has more than three million private and corporate clients on whose behalf, as at 30 June 2008, it managed over £96.5 billion of assets. [ [http://www.fandc.com/FundNets_FileLibrary/File/FC%20Interim%20Report%202008.pdf F&C Asset Management Interim Report 2008 page 1] ]

Assets are managed from three principal investment centres: London, Amsterdam and Edinburgh. The Company has an office network spanning ten countries: China (Hong Kong), France (Paris), Germany (Frankfurt), Ireland (Dublin), The Netherlands (Amsterdam), Portugal (Lisbon), Sweden (Stockholm), Switzerland (Geneva), UK (London, Edinburgh and Dorking) and the US (Boston).

In 2007 the Company was a recipient of the Gold Standard Awards which are designed to help restore consumer confidence in financial services. [ [http://www.goldstandardawards.com/ Gold Standard Awards] ]

Headquarters

The company’s head office is at the heart of the City of London in Exchange House, Primrose Street, London. The building is regarded as one of the finest new buildings in the City and is situated in the Broadgate complex near to Liverpool Street station. The company moved here from its office in Laurence Pountney Hill in 1990.

Exchange House itself is a striking building. Conventional foundations were not possible as the design had to accommodate the existing railway lines and London Underground network lying beneath the site. As a result, the building was designed with a metal exoskeleton which dominates the exterior and supports the weight of the building through a steel frame resting on bridge-like foundations.

Ownership

The majority shareholder of the company is Friends Provident which owns approximately 52% of the issued share capital. The other major shareholder is Eureko, which owns approximately 11% of the issued share capital.

References

External links

* [http://www.fandc.com Official site]

Further reading

*F&C – A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.