F&C to review US desk as Rae leaves

Liz Rae, head of the US desk at F&C, has left the company as it looks to revamp its North American investment process. Rae ran institutional money for the group and her departure follows the decision of Tony Broccardo, chief investment officer, to undertake a review of the entire US investment process. The review does not include the US small-cap team, which is headed by Robert Siddles, however, as this is treated as a separate entity. Broccardo will work alongside Atul Patel, head of the global desk, and Robin Woodall, head of the UK desk, to review the structure, stock analysis and...