F&C hires Steve Ilott for multi-stategy role

F&C Investments has hired Steve Ilott as head of multi-strategy investments in its new investment and institutional business (IIB) arm.

Ilott joins the asset manager from Alignment Investors, a division of BlueCrest Capital, where he was a partner. He was Aberdeen Asset Management’s global head of fixed income until 2007.

F&C’s multi-strategy investment operation is one of three core investment units in the IIB division, alongside investment solutions and specialist investments.

Richard Wilson, head of IIB at F&C, says: “This is already a substantial area of our business and we believe it will be of increasing importance to our clients. (article continues below)

“Steve brings the experience to innovate and develop the products and capabilities required to succeed.”