Bramson to take back seat at F&C

Edward Bramson, the American investor who staged a boardroom coup at F&C Asset Management almost two years ago, is preparing to move to more of a back seat.

Mr Bramson will give up the executive part of his title of executive chairman at the fund manager's full-year results next March.

At the start of January, Richard Wilson, who has been at F&C for the past eight years, will move up to become chief executive.

Mr Wilson came through a selection process that saw internal and external applicants for the job.