Corporate raider quits F&C to turn his guns on 3i
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The corporate raider Edward Bramson stood down as chairman of F&C Asset Management yesterday, amid speculation he could attack private equity group 3i.
Mr Bramson will leave F&C almost three years after leading a boardroom coup. He will be replaced with by Kieran Poynter, former chairman of PricewaterhouseCoopers.
The move comes just days after his Sherborne Investors unveiled plans to hand part of its 20 per cent stake in F&C to its own backers, including Aviva Investors.
Mr Bramson also has also built up a 5 per cent stake in 3i. Some City sources reckon he wants to lead a break-up of the group.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments