F&C has been successfully meeting the investment needs of its clients for over 140 years.
F&C aims to work closely with the Media wherever possible providing views and comment on investment and industry issues.
F&C acts with the highest business standards across the organisation. We have clear polices and guidelines for all our activities.
As the world’s first ever
publicly listed pooled investment vehicle FCIT was truly ground breaking,
signalling the birth of the modern fund management industry. Its goal was to
enable the “investor of moderate means the same advantages as the large
Capitalists, in diminishing the risk of investing” across the globe.
F&C Management was established as a stand alone asset manager in 1972 to
manage the FCIT portfolio. The company soon began managing additional
investment funds and attracting new clients. HypoBank took a 50% stake in the
business in 1989, increasing its ownership to 90% in 1998. In 2001 F&C
Management was acquired by financial services group Eureko, and the European
presence of F&C was expanded through the integration of fund management
businesses in the Netherlands, Portugal and Ireland.
F&C Management merged with ISIS Asset Management and obtained its stock
market listing as F&C Asset Management PLC.
In 2009 F&C
was de-merged from Friends Provident, achieving full independence for the
On 7 May 2014, F&C Asset Management plc was
acquired by Bank of Montreal through its wholly owned subsidiary, BMO Global
Asset Management (Europe) Limited. The combined company delivers service
excellence from 24 offices in 14 countries across 5 continents.
Use our interactive timeline below to view key dates in the history of F&C
Launch of Foreign & Colonial Government Trust by solicitor Philip Rose (Norton Rose) with Lord Westbury as first Chairman (originally the Foreign & Colonial Government Trust). Included investments in Canada, Europe, Russia, Turkey, Egypt, Brazil, Chile, Argentina, Peru and the US.
Foreign and Colonial Investment Trust makes first Indian and Japanese investment.
Foreign and Colonial Investment Trust makes first African investment.
Foreign and Colonial Investment Trust makes first China investment.
First non-Government Bonds added to FCIT and “Government” dropped from FCIT name.
At the outbreak of war the London Stock Exchange was closed for five months.
At the height of the war, the Foreign and Colonial board decided to amend their articles to allow the substantial purchase of British War Bonds. By the end of the war, 5 per cent War Loan, 1929-1947 had become the trust’s largest single investment.
The price of the Foreign and Colonial ordinary stock stood at approximately 140 before the outbreak of war but by 1919 it had declined to around 99. By 1927 the price had moved forward once again to 193. However, the accounts show that a dividend of 7 per cent was paid in 1915 and maintained at 6 per cent for the remainder of the conflict.
Foreign and Colonial Investment Trust starts investing in equities.
Princes House, Basinghall Street, City of London where Foreign & Colonial remained from 1931 until 1956. The building still stands today. The building had a basement with a generator, which became very useful in the Second World War. 480 feet below that was a natural spring which provided a supply of pure, slightly sparkling mineral water to every water-consuming device in the premises.
Foreign and Colonial Management created to service Foreign and Colonial Investment Trust.
Ivory & Sime gains listing on the London Stock Exchange.
Friends Provident launches Stewardship ethical fund.
Foreign and Colonial Management to be developed as third party Manager, as well as servicing Foreign & Colonial Investment Trusts.
50% of Foreign & Colonial Management sold to HypoBank by Foreign and Colonial Investment Trust.
F&C Emerging Markets Ltd organised as separate division.
Friends Provident Asset Management (FPAM) formed.
Friends Provident reverses Friends Provident Asset Management into Ivory & Sime.
LauHVB lifts stake in Foreign & Colonial Management to 90% and Friends Ivory & Sime (FIS) created, includes assets from FP acquisition of London & Manchester of Foreign & Colonial Government Trust by solicitor Philip Rose (Norton Rose) with Lord Westbury as first Chairman (originally the Foreign & Colonial Governement Trust). Included investments in Canada, Europe, Russia, Turkey, Egypt, Brazil, Chile, Argentina, Peru, US.
Foreign & Colonial Management sold to Eureko and rebranded as “F&C Management”.
Friends Ivory & Sime acquires RSA Investments, group re-branding as ISIS Asset Management.
F&C Management and ISIS Asset Management merge to form F&C Asset Management plc, company lists on the London Stock Exchnage.
Creation of F&C REIT – a leading international property asset manager – through the merger of F&C’s property business and REIT Asset Management.
Friends Provident distributes its shareholding in F&C to its own shareholders. F&C agrees to launch a joint venture fund management company in China with Hua Xia Bank.
F&C acquires Thames River Capital, an absolute return focused asset manager, as part of its strategy of diversifying beyond its core insurance clients.
Edward Bramson became F&C chairman in February 2011 and executive chairman in October 2011.
Richard Wilson became chief executive of F&C Asset Management plc on 1 Jan 2013. Kieran Poynter became non-executive chairman in August 2013 as Edward Bramson stepped down from the board.
In January 2014, Bank of Montreal and F&C Asset Management plc announce their agreement on the terms of a recommended cash acquisition of F&C by a Bank of Montreal subsidiary.
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