F&C name may be scrapped following takeover

The F&C brand may be scrapped following the fund group's takeover by Canada's Bank of Montreal, according to reports.

Bank of Montreal (BMO) completed its £708m acquisition of F&C last week and said the asset manager will be at the centre of its European expansion plans. But these plans may not involve retaining the 146-year old F&C name, according to Barry McInerney, co-CEO of BMO's asset management division. “BMO and F&C] have very long histories so we will see what works in the mid to long-term plan in terms of what we do," he said, according to the Financial Times. The paper reported McInerney as saying the name is "under consideration". F&C de-listed from the London Stock Exchange last wee...