The head of fixed interest at F&C Management, Jan Straatman, has resigned, writes Robert Stock. S...
The head of fixed interest at F&C Management, Jan Straatman, has resigned, writes Robert Stock.
Straatman was named head of fixed interest earlier this year as part of the integration of the UK Foreign & Colonial business with the Dutch Achmea Global Investors and the Portuguese AF Investiments under the F&C Management banner.
The combined entity, which is owned by Dutch parent company Euriko, has £34bn of fixed interest assets under management.
Straatman, who worked for Achmea in Amsterdam, has moved to Amsterdam-based ABP Investment.
His interim replacement is Arnab Banerji, F&C's chairman of investment policy. However, a member of the F&C board, Patrick Johns, said a replacement would be sought both internally and externally. That could include Chris Hartley, F&C's head of sterling debt, who is based in London.
Johns said: 'Jan had previously been CIO at Achmea in Amsterdam, but the role of head of fixed interest would have been based here in London. While we recognise that he had strong commitments in the Netherlands, we had hoped he would move to London, but ABP Investment provides Jan with a good career opportunity locally in Amsterdam.'
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till