F&C Asset Management
F&C Asset Management Plc is an asset management company and is part of BMO Global Asset Management.
History
The Company was founded in 1972 as the manager of the Foreign & Colonial Investment Trust under the name F&C Management Limited.
In 1985 the Company started managing third party funds. In 1989 the Company established a partnership with Germany’s HypoVereinsbank
who acquired a 50% stake in the business; this stake was increased to 90% in 1998. In 2000 Eureko purchased HypoVereinsbank’s 90% stake and in 2001 went on to secure 100% control and consolidate their asset management activities with those of the Company under the F&C brand.
In 2004 ISIS Asset Management merged with F&C Management Limited to form F&C Asset Management and the combined business was then listed on the London Stock Exchange.
In 2008 Friends Provident announced its intention to divest its shareholding in F&C Asset Management. This was completed in 2009.
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.
