F&C eyes expansion in France

FRANCE - F&C has hired Bruno Moneron from J P Morgan Fleming to lead its expansion in France.

He was named director for its French operation, a new role. Moneron was formerly head of institutional sales and marketing at J P Morgan Fleming Asset Management in Paris. It was not immediately clear who would take that role.

Moneron, who started at the beginning of 2004, will take care of F&C’s one-year relationship with insurer MAAF Gestion. He would pave the way for the company’s expansion in France, an F&C official said. “The French market is one we feel to be important,” the official said.

Alain Grisay, joint head of institutional business at F&C, said: “ Bruno brings extensive experience in asset management marketing and sales, specifically in the market place”.

“To date, a global equity fund has been launched, and another two funds currently in a pre-launch phase are expected to launch in the second quarter of this year,” F&C said in a statement.

Dutch financial services firm Eureko said in January that it plans to float up to 49% of F&C when the timing was right. And in February PGGM chairman Dick de Beus joined F&C’s board.

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