F&C's marketing head Fennell exits

F&C Investments' marketing head Tracy Fennell has left the firm, following a corporate restructure.

Fennell, who joined F&C in October 2011 from Scottish Widows Investment Partnership, will be replaced by Martin Smith, head of product management at the group. Fennell is widely known in the industry, having also held marketing roles at BNY Mellon and AXA Investment Managers. "As a result of changes to the marketing and product development function, F&C can confirm Tracy Fennell will be leaving the Group at the end of July," F&C said. F&C has been going through a period of rapid cost-cutting since activist shareholder Edward Bramson took the helm in September 2010. Five high-pro...