mast image

Impact Investing

IPE special report May 2018


F&C’s investment chief Broccardo exits

EUROPE – F&C’s chief investment officer Tony Broccardo has been unexpectedly replaced by alternatives chief Fernando Ribeiro.

F&C said it was reorganising its investment division, with Ribeiro taking the new role of head of investments.

“This new leadership position is a business management role replacing the previous function of chief investment officer,” F&C said. “Tony Broccardo will be leaving the company shortly.”

New chief executive Alain Grisay said the new role “recognises the complexity of managing a business with some 160 investment professionals”.

He added: “The new leadership role will be focussed on the people and business management of the Investment Division so that our fund managers can be fully dedicated to delivering first class investment performance.” He made no reference to Broccardo.

Broccardo joined the firm in 2002 and was involved in the merger between F&C and ISIS. F&C said he stabilised the businesses and “leaves the investment division ready for its next challenges”.

Fernando Ribeiro joined F&C early in 2001 heading up retail portfolio management. Since 2003 he has run F&C’s $2bn alternatives arm. He’s also set up F&C’s asset liability management/liability-driven investing group.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

Begin Your Search Here