Schroders closes £230m acquisition of R&M Solutions business
Alex Hoctor-Duncan named CEO of River and Mercantile
Alex Hoctor-Duncan named CEO of River and Mercantile
‘Following completion of the Solutions sale, there will be a need to right size the RMG business for a significant reduction in scale’
A week after Premier Miton dropped out of the race
R&M described as ‘likely loss making’ following sale of its solutions business
Talks with Assetco and Premier Miton will remain ongoing despite deadline for bids ending today
The UK All Companies sector would contain six different funds with a Premier Miton/R&M badge if the two managers joined forces
Replaces Peter McKellar who will resume his role as deputy chairman
Continuing our series on how fund group distribution bosses are thinking about asset classes, strategies and working with clients over the rest of 2021 and beyond
Comes hot on the heels of Edinburgh boutique’s acquisition by Martin Gilbert’s Assetco
Martin Gilbert’s consolidator offers ‘significant opportunities’ to build shareholder value
Martin Gilbert-backed business ‘totally bought into our vision for the future,’ say co-founders Stuart Forbes and Rahul Bhushan
‘Looks like it will be a far more diverse business than maybe many suspected when it first set up’