Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of 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
Citywire TV
Play BlackRock UK Special Sits: when will we sell our star holdings?

BlackRock UK Special Sits: when will we sell our star holdings?

What would prompt Roland Arnold to sell the likes of Ashtead and Howden?

Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter