ISIS Asset Management and F&C are to merge. As part of the deal the ISIS brand will drop in favour of F&C.
Howard Carter will head the newly formed firm as chief executive with Robert Jenkins staying on as a non-executive chairman.
Isis Asset Management head of communications and strategy Jason Hollands says both sides are extremely excited about what they believe is a totally transforming manoeuvre.
He says: “Our strategy was to be a top five player by 2007 and this makes us number four ahead of schedule.”