EUROPE- F&C Asset Management has recruited Jonathan Mann, formerly with Standard Asset Management, as director of the emerging debt team. This is a new position within a team that mostly caters for institutional investors.

The London-based F&C emerging debt team consists of Susanne Gahler and head of emerging debt Helene Williamson. He will report to Williamson.

F&C manages $2.8bn (€2.3bn) of emerging debt, of which 90% is capital invested by institutional investors, including pension schemes throughout Europe, Williamson told IPE.

“Emerging debt has been a key growth area for us and we anticipate further expansion as pension funds and insurance companies look to diversify beyond the mainstream asset classes,“ she said.

In his previous capacity as portfolio manager in an 11-strong investment team Mann was responsible for $1.5bn in Latin American and Asian bond assets, F&C said. He joined Standard Asset Management in 2004.

“Jonathan is an experienced investor and his recruitment is a clear demonstration that F&C is committed to investing in its emerging debt business.” Williamson said.

"Jonathan leaves with our good wishes for the future" Standard Asset Management said in a statement. It is not clear whether Standard Asset Management has recruited Mann’s successor, as the firm was not available for further comment

F&C Asset Management plc was created last 2004 from the merger of F&C Group Holdings Ltd and ISIS Asset Management plc. F&C said that as of March 2005, it managed £125.3bn under management for institutional, insurance and retail clients.

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