Isis' Talbut first to go in F&C merger.

Investment Adviser, July, 2004

by nigel davies

Isis' chief investment officer Robert Talbut has become the first high profile casualty following the firm's reverse takeover of F&C.

Mr Talbut, who manages the AGBP10.5m Isis Managed Distribution fund, will stay with the company until October, when the deal with F&C should be completed.

His position will be taken over by Tony Broccardo, chief investment officer at F&C. F&C's Stephen Dolbear runs a similar fund to Mr Talbut's -- the AGBP351.8m F&C Higher Income fund, also in the UK Equity Income & Bond sector.

The future of Mr Talbut's fund will be decided once a strategy has emerged between the two companies.

Isis said there would be redundancies on both sides as the two firms together employ about 1000...

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