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The asset management firm announced the decision today (August 26th), which comes after the original planned transaction was revealed in April and ratified by shareholders in June.
Alain Grisay, chief executive of F&C - which manages £95.3 billion of assets, operates in eleven countries and is listed on the London Stock Exchange - said the deal marked a "significant new chapter" in the firm's history.
"The management teams at F&C and Thames River have a shared vision for where we want to take the group and are deeply committed to its success," he added.
Thames River will keep its existing business model and continue to operate out of its Berkeley Square hub.
Last week, F&C decided to launch its private property fund on the IFA markets.
Posted by Greg Secker
