Assetco heralds ‘new approach to asset management’ with Rize ETF deal
‘Looks like it will be a far more diverse business than maybe many suspected when it first set up’
‘Looks like it will be a far more diverse business than maybe many suspected when it first set up’
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It will reportedly raise £25m from investors to fund the acquisition
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Comes hours after Standard Life Aberdeen offloads adviser platform to private equity firm Preservation Capital
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‘The board is hopeful of being able to announce further activity in the short term’
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Alex Hoctor-Duncan joins as an executive director responsible for strategic development
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Gary Collins drafted in to develop Saracen Fund Managers’ distribution strategy
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Martin Gilbert-backed business will buy the Edinburgh-based asset manager in £2.75m deal
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The Aberdeen Asset Management founder passively voted against his own appointment as chairman of Assetco
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Assetco has promoted former Aberdeen Asset Management boss to chairman
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Comes as company announces plans to reinvent itself as an asset manager
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