Jeremy Charles Steps Down as Director of Thames River

May 15, 2012 James Heinsman In the News

In a move designed to cut costs at F&C Asset Management, Jeremy Charles, the operations director of the hedge fund division of F&C, Thames River, will be leaving his position.

The removal of Charles is part of an overall overhaul at F&C orchestrated by Executive Chairman Edward Bramson. Charles became the operations director at Thames River in 2006 before the fund was purchased by F&C Asset Management.

Replacing Charles will be Hugh Moir who was previously in charge of client solutions and strategy at F&C and will now become group head of operations and information technology.

“Last year, F&C initiated a group-wide re-engineering of our operations, administration and IT functions,” Tracy Fennell, a spokeswoman, said in the statement. “The implementation is progressing well.”

“At this juncture, Jeremy Charles has decided to leave F&C to pursue opportunities outside of the group,” she said. Charles did not comment on the news.

Edward Bramson, F&C Asset Management, Hugh Moir, Jeremy Charles, Thames River,

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