F&C Asset Management has appointed head of institutional business Richard Wilson as its new chief executive.
In May, F&C chief executive Alain Grisay retired following the company’s annual general meeting, with executive chairman Edward Bramson taking the reins.
Wilson will take up the role on January 1 and will join the board as an executive director with immediate effect. Bramson will revert to non-executive chairman of the board following release of the group’s preliminary financial results for 2012.
Wilson has 24 years experience in the fund management industry and is currently responsible for F&C’s investment and distribution activities.
Prior to F&C, he was head of international equities at Gartmore and managing director of global equities at Deutsche Asset Management. He started his fund management career at HSBC as a fund manager.
Bramson says: “Richard Wilson has played a critical role in the development and execution of the group’s strategy over the last year. I look forward to us working together and continuing to build value for all our stakeholders.”
Wilson says: “With a foundation of a much improved financial position for the group, I am excited to be given the opportunity to lead F&C and implement our growth strategy to the benefit of our clients, employees and shareholders.”