Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Ex-Thames River boss Porter to step back from F&C

Ex-Thames River boss Porter to step back from F&C

Charlie Porter, head of funds and investment trusts at F&C Asset Management, is parting company with the firm.

Porter, who is on F&C’s executive committee and is chief executive officer as well as co-founder of Thames River Capital, is due to depart imminently.

Thames River was coined in a pub by Porter and Jonathan Hughes-Morgan back in 1998. Prior to this Porter worked at Baring Asset Management which he joined in 1987, as their sales director and with responsibility for Barings’ UK mutual fund business.

He joined F&C when the firm announced in 2010 it was buying Thames River Capital, in a deal worth up to £53.6 million.

Earlier this year he told Wealth Manager Thames River Capital brand would go into hibernation by the first half of 2013, as F&C Asset Management seeks to rationalise its funds business under a single banner.

The announcement followed a strategic review of F&C, conducted by chairman and activist investor Edward Bramson.

At the time, Bramson highlighted the Thames River team was responsible for the distribution of F&C’s whole £10 billion product range.

Porter said, however, the Thames River brand could be revived for certain products and could reappear on particular funds in the future.

Porter also said at the time that Bramson had ‘made it clear’ F&C is not selling Thames River, but will be investing in it.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter