View more on these topics

Charlie Porter to leave F&C

Charlie Porter

Charlie Porter is set to stand down as F&C’s head of funds and investment trusts.

Charlie Porter is to step back from his role at the asset manager with immediate effect, Fundweb understands.

Porter is F&C Asset Management’s head of funds and investment trusts and also sits on its executive committee. He joined F&C in 2010 when the firm bought Thames River Capital, of which he is the chief executive and a co-founder

The company declined to offer any comment.

F&C completed a strategic review in May this year, in which it outlined plans to grow its investment trust business to capitalise on RDR and look at introducing a directly-marketed multi-manager and multi-asset range for distribution through its existing direct-to-consumer infrastructure.

As part of the review, the company also plans to cut its costs by £33.2m by 2013.

Earlier in his career, Porter was sales director at Baring Asset Management where he held responsibility for the firm’s UK mutual fund business.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com