2004

F&C [ 2006 - 2005 - 2004 - 2003 - 2002 - 2001 - 2000 - 1999 ]

Strategy

F&C’s aim is to become Europe’s partner of choice for investment solutions. It will differentiate itself by building business partnerships with clients, intermediaries and consultants, by providing them with solutions that deliver superior performance and service whilst combining the benefits of centres of excellence and expert local teams.

Main developments 2004

• On July 2nd 2004 F&C Asset Management Holdings (“F&C”) announced its intention to merge with ISIS Asset Management plc (“ISIS”) a quoted company on the London Stock Exchange and one of the country’s largest fund managers. ISIS was created in 2002 by the merger of Friends Ivory & Sime plc and Royal & Sun Alliance Investments.
   
• On October 11th 2004 the merger between F&C and ISIS completed, creating F&C Asset Management plc, a leading pan-European focused, listed asset management company.
   
• Good progress made in relation to the integration of F&C and ISIS creating a platform for the enlarged business to develop further through organic growth
   
• Strengthened the investment talent from 108 at F&C to 196 across the group which includes a team of 11 Governance and Socially Responsible Investment professionals, a 34 strong bond team, one of the largest in Europe and a group of 11 Emerging Market investment managers. The investment talent has been deepened and broadened enabling F&C to provide both core and high alpha strategies to its clients.

Financial Highlights

• Assets at the end of last year £124.8 billion pounds
   
• Insurance funds rose to 78.6 billion pounds at the end of December from 74.4 billion pounds at the end of September and institutional funds were up at 32.7 billion pounds from 30.9 billion pounds.