Stevens joined F&C in Nov-ember 2005 from Deutsche Asset Management, where he was a director and head of retail and institutional marketing both for DeAM and UK retail business DWS Investments.
F&C director and head of corporate affairs Jason Hollands says Stevens is still working with the firm to ensure a smooth transition. It is understood he will be taking on a sales role at a hedge fund firm. Hollands says: “A final date for Scott’s departure has yet to be announced. We are set to be an enlarged retail firm ahead of the deal with Thames River and we have yet to make a decision on Scott’s replacement.”
Last month, F&C announced that it is to acquire investment boutique Thames River in a deal worth up to £53.6m. The take-over is expected to conclude in the third quarter of 2010 and will include a retention and incentive plan for Thames River’s key personnel.