British fund manager
F&C, a wholly owned subsidiary of Dutch insurer
Under the proposed deal, which is still subject to consultation, 95 F&C employees would be transferred to Mellon effective Sept. 1, according to the report. "We will be able to focus on our main objective, which is portfolio management," said Robert Jenkins, the companys chief executive officer.
F&C manages 88 billion euros in assets. Mellon provides administrative services for investment management clients with $360 billion in assets.
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