Paternoster has appointed F&C Asset Management as its new derivatives operating agent.
“We have selected F&C Asset Management as our preferred supplier after considering various asset managers and analysing their derivative capabilities,” says Mark Wood, Paternoster’s CEO. “The level of expertise of the F&C team and the systems they use will strongly position us to control investment risks and enable us to deliver the highest level of security for our pensioners.”
“The pension consolidation market is an exciting and innovative space that is poised for significant growth in the coming years,” says Fernando Ribeiro, head of investments at F&C. “We are delighted to have secured this appointment. Mandates to act as a derivative execution agent are a relatively new phenomenon, but this is indicative of the increasing level of sophistication of the institutional market place. F&C anticipated these changes and has invested heavily in our Asset and Liability Management & derivative capabilities. We believe that this appointment demonstrates F&C’s ability to adapt to meet the changing needs of our current and prospective clients.”