F&C Investments is rebranding its UK retail range to Thames River following the merger of the two companies.
F&C is to retain the F&C brand for the UK institutional side and switch to F&C Thames River in the rest of Europe. According to Jason Hollands, director of corporate affairs at F&C, Thames River will still be branded as an F&C group company, but has been chosen for the retail range due to its strong reputation in the wealth management industry.
Thames River has also built a strong presence in the mass-affluent IFA market through its Thames River Multi-Capital business, headed by managers Gary Potter and Rob Burdett.
Meera Patel, senior funds analyst at Hargreaves Lansdown, says investors also perceive Thames River as having delivered better retail performance than F&C.
Hollands says the product sets offered by Thames River and F&C have simply been very different and complimentary.
Before the merger, the groups had an overlap on the multi-manager side, which F&C has resolved by moving parts of its own fund of funds business to Thames River.
Otherwise, F&C is known for areas such as ethical investing and sterling equities and fixed income, whereas Thames River has a bigger presence in alternatives and international investments.
“The deal enables us to bring together the heritage, institutional and investment trust strengths of F&C with the dynamism and boutique culture of Thames River,” Hollands says.
F&C has already moved its UK retail sales team over to Thames River.
Michael Warren, investment director at Thames River, is heading up marketing on an interim basis.