Regulation drives new F&C business launch

Recent regulatory changes have driven money manager F&C Investments to launch a new business catering for institutional clients

Ongoing regulatory changes have driven F&C Investments, a money manager that invests in all major asset classes and offers specialist funds, to open a new service advising institutional clients how to adapt their investments and businesses.

Investment Solutions will incorporate a number of F&C’s current offerings, including asset-liability management, multi-asset investment, derivative fund management and institutional manager selection.

F&C will also boost its insurance advisory and fiduciary management services within the new business.

Richard Watts will lead the multi-asset investment strategy offshoot.

Having been with F&C since 2005, he is known for his role in helping to develop the Group’s liability driven investment products.

The new business’ insurance arm was established in response to the Solvency II directive introduced by the EU that is likely to increase compliance costs for insurance companies.

Fiduciary management will be expanded to cater for Dutch pension schemes.

Ernst Hagen, head of asset management at Pensioenfonds Horeca & Catering, will head the division from F&C’s Amsterdam office as of 4 January.

Two new institutional manager selection specialists have also been hired, to assist fiduciary management clients and oversee existing third-party mandates.

Peter Hill-King joins as head of manager selection from P-Solve Asset Solutions and David White, previously at Aon, joins as a director of manager selection.

The new business is designed to help institutional clients meet the challenges of an ever changing investment and regulatory landscape, said distribution & business development head Cristobal Mendez de Vigo.

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