Amvescap Slips As New Boss Seen Eyeing Long-Term Sale

Summary


WHAT a way to welcome a new boss. Fund manager Amvescap slipped 7p to 4091/2p after revealing it had chosen Martin Flanagan to be chairman and chief executive.

The fact it is going ahead with such a key appointment suggests it is not likely to succumb immediately to CI Financial of Canada.

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Amvescap Slips As New Boss Seen Eyeing Long-Term Sale

The Canadian fund's initial overtures were firmly rebuffed a few days ago.

However, one analyst said Flanagan, head of aggressive US fund Franklin Resour...

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