For immediate release



PRESS RELEASE 19 January 2015 F&C Investments expands emerging markets debt team with senior hires

F&C Investments has hired two senior members to its now eight-strong emerging markets debt (EMD) team. Julio Obeso joins as a senior analyst, and Nicholas Sauer, an F&C employee since 2011, has relocated from the Amsterdam office to join the London-based EMD team as a product specialist.
Julio joins F&C from H2O Asset Management, a global macro and fixed income fund in London. He started his career in 1999 in the Latin American and Caribbean region team of Charles Schwab & Co. In 2005, he joined MacKay Shields LLC; a subsidiary of New York Life Investment Management, as an emerging markets credit analyst within the global fixed income group. Julio Obeso holds an MBA in Finance from the Wharton School of the University of Pennsylvania. He also holds a BA in Economics from the University of California, Berkeley.
Nicholas was previously a client manager, handling relationships across institutional clients, including insurance companies and pension funds in the Netherlands. Nicholas passed all three CFA examinations and has a Master in Finance and Investments from the Rotterdam School of Management.
Julio is responsible for covering certain emerging market sovereigns and corporates in Latam and EMEA, while Nicholas will drive growth in EMD assets across BMO's global distribution platform. Both report directly to Jonathan Mann, Head of EMD at F&C.
Separately, Diliana Deltcheva who covered EMEA sovereigns is leaving the team at the end of February to pursue other opportunities. A recruitment process to replace her is underway.

Jonathan Mann, Head of Emerging Market Debt at F&C said: "We are excited to be adding the expertise of these two hires to our emerging markets debt team. Julio is a very capable emerging market credit analyst with over a decade of market experience, and should make an immediate contribution to investment performance. Nicholas' client handling skills will also contribute significantly to the team's continued success."

Both Julio and Nicholas joined the team this month.

Press enquiries: Richard Janes Director, Communications Richard.janes@fandc.comTel: +44 (0) 20 7011 4298

fandc.sc@fticonsulting.com

Tel: +44 (0) 20 3727 1888 ENDS About F&C Investments, a part of BMO Global Asset Management

F&C is focused exclusively on managing money for its clients. It manages assets for a combination of insurance clients, institutional investors, intermediaries and private individuals. F&C invests across all major

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asset classes - equities, fixed income and property - and has specialist expertise in asset allocation, alternative investments, liability driven investments, multi-manager, private equity funds and Environmental Social and Governance (ESG) Investing. The F&C Group includes F&C REIT, a global real estate asset manager.
F&C has a strong footprint in the U.K. and the rest of Europe with assets under management of approximately £83 billion as at June 30, 2014. F&C has a rich heritage that dates back almost 150 years and can be traced back to the founding in 1868 of the Foreign & Colonial Investment Trust.
BMO Global Asset Management, of which F&C Investments is the European hub, is a global investment organisation providing investment management, retirement, and trust and custody services to institutional, retail and high net worth investors, from 24 offices in 14 countries to clients across five continents. BMO Global Asset Management has £169 billion assets under management as at September 30 2014. BMO Global Asset Management is a part of BMO Financial Group (NYSE:BMO), a fully diversified financial services organization with C$522 billion total assets and more than 47,000 employees as of October 31,
2014.

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