Financial Dynamics is understood to have won a major financial
account with fund management group Foreign and Colonial.
Polhill Communications has held the account since 1990, however Julian
Polhill claimed the loss would have only a ’small impact’ on his
FD did project work for the company when Germany’s Hypo Bank took a
major shareholding in F&C last year.
Winning the retained business would be a big breakthrough for FD, which
does not have a large fund manager on its client list.
The brief is expected to include corporate and personal finance and
cover F&C’s retail funds and institutional business. F&C Ventures’
relationship with Lansons Communications is not affected.
The review of F&C’s requirements is thought to have been prompted by
several developments. In addition to its closer alliance with Hypo, last
year F&C doubled the size of the funds that it manages. It took pounds
15 billion of pension fund assets through the acquisition of ESN Pension
It now manages pounds 26 billion of funds.
Neither Financial Dynamics nor F&C would comment on the change of