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