Anand will join F&C from Deutsche Asset Management where he has been director of European equities. At F&C will report to head of equities Richard Wilson.
He has a decade of experience managing equities and has latterly headed up Deutsche Asset Management’s (DeAM) European equities team in New York. Since July 2004 he has also been lead manager of the DWS Europe equity fund, a £300m US mutual fund.
F&C head of equities Richard Wilson says: “This recruitment represents a further strengthening of our equities business which will help ensure we deliver strong investment performance to our clients. Our track record in managing high alpha European equity portfolios is already excellent and Paras will work with the team to ensure that this success is replicated across all of our European equity portfolios.”