Friends Ivory & Sime (FIS) is to rebrand Royal & Sun Alliance (R&SA) equity and bond funds into its ...
Friends Ivory & Sime (FIS) is to rebrand Royal & Sun Alliance (R&SA) equity and bond funds into its ISIS range following its acquisition of the company last month.
Some funds will retain their current manager while others will see new appointments in the transition, which is to be completed by the third quarter of this year.
FIS has made a first round of fund manager appointments for its launch of the ISIS range of retail funds.
The 11 appointments include: Mike Felton of R&SA to UK equities; Davina Curling of R&SA to European equities; James Foster of R&SA to fixed interest; Fatima Luis of R&SA to fixed interest; Andrew Hudson of R&SA to US equities; Rowan Chaplin of FIS to Japanese equities; Mike Hanbury-Williams of R&SA to Pacific Basin equities; Pinakin Patel of R&SA to emerging markets; Richard Philbin of FIS to fund of funds; Robert Pemberton of FIS to global funds; and Karina Litvack of FIS to responsible investing.
Other key appointments include Tim Haston of R&SA to equity research, Andrew Tunks of R&SA to bonds, Paul Niven of R&SA to invest- ment strategy and Richard Boardman of R&SA to risk modelling.
Robert Talbut, chief investment officer of FIS, said: 'One of our key early appointments has been Richard Boardman as director of risk modelling. He is one of the people who has genuinely pushed the envelope of modern risk management.
'His team's contribution will be central to our proposition ' not just in terms of delivering performance, but also in offering investors transparent funds with a clearly delineated range of risk and return profiles.'
The appointments come less than a month after FIS's acquisition of R&SA.
According to Talbut: 'From the outset, our appointments criteria have simply been to create a best of breed entity which draws upon existing strengths from both companies. By the third quarter of this year, we will have brought to market a complete range of equity and bond funds.'
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