Schroders closes £230m acquisition of R&M Solutions business
Alex Hoctor-Duncan named CEO of River and Mercantile
River And Mercantile
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AssetCo agrees £100m all-share deal for 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’
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Assetco handed more time to make River and Mercantile bid
A week after Premier Miton dropped out of the race
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R&M returns to ‘pure play’ asset management as it sells £42bn solutions arm to Schroders
Marks first significant development since Martin Gilbert backed Assetco snapped up stake in fund group
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River and Mercantile and Rathbones take part in UK’s first sovereign green gilt
Axa IM also participated in hotly anticipated sale which raised record £10bn
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River and Mercantile to sell fiduciary arm
Sale would mark first significant development since Martin Gilbert-backed Assetco snapped up stake in fund group
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River and Mercantile rolls out Ucits version of £420m Global Recovery fund
Strategy will mirror Hugh Sergeant’s existing UK domiciled fund which returned 45% in the last year
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Ardevora UK Income swallowed by River and Mercantile rival
Jeremy Lang and William Pattison’s UK equity income fund had seen assets shrivel by 92% since 2016
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River and Mercantile eyes aggressive cost-cutting to revive anaemic profit margins
Pre-tax profits plunged 15% to £6.2m in the last six months of 2020 while margins slid to 18%
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River and Mercantile raids Aviva Investors for debut infrastructure fund
Four managers follow former Aviva infrastructure boss Ian Berry to fund group
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Martin Gilbert-backed Assetco doubles stake in River and Mercantile
Comes as company announces plans to reinvent itself as an asset manager
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River and Mercantile’s planned infrastructure ESG launch ‘hitting the right buttons’
‘The combination of ESG and infrastructure is a potentially powerful one’
