Deleted document hints F&C name to be dropped

Deleted document hints F&C name to be dropped

F&C Investments has refused to comment on whether it is rebranding its sales and distribution businesses as BMO Global Asset Management, a plan that came to light in a document now deleted from its website.

The document had said the change, which was proposed for July, would make F&C the formal European centre of BMO, which bought F&C in May 2014 for £708m.

But the document and accompanying publicity materials have now been removed without explanation.

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The group’s funds and investment trusts would keep the F&C name, which was first established in 1972.

“As we make the change, our rebranding efforts will be supported by a European promotional campaign,” F&C said in the document.

“We have all the stability and resource of a business with £165bn under management, and are backed by the Bank of Montreal (BMO), Canada’s second largest bank.”

F&C also said it would be “expanding” its “capabilities”, adding: “The people you deal with, the service and capabilities you currently rely on and the F&C fund names will all stay the same.”