River and Mercantile Group has announced a number of senior personnel changes in a bid to further grow the business.
The firm has promoted head of asset management James Barham to the newly-created role of deputy chief executive. He will have responsibility for all the commercial lines of the business, including its solutions and asset management divisions.
Barham founded River and Mercantile Asset Management in 2006 and was its chief executive until 2014, when the firm merged with investment consultant and fiduciary manager P-Solve - the business that rebranded to River and Mercantile Solutions in April.
He will continue to report to River and Mercantile Group chief executive Mike Faulkner, whose focus will remain on accelerating investment research and development.
River and Mercantile Solutions head Jack Berry has also moved to a new role to help design market strategies for clients with more complex needs. Berry originally set up River and Mercantile's derivatives business and will report to Barham in his new role.
River and Mercantile Group chief financial officer (CFO) Kevin Hayes will lead the firm's solutions business, replacing Berry. He will retain his CFO responsibility and report to Barham in his expanded role.
Commenting on the changes, Faulkner said: "These appointments and changes will support the next stage in our development, strengthen our organisation and align us to more effectively service our existing and prospective clients. Our business continues to have significant opportunities to grow and I am excited about our future prospects."
River and Mercantile Group chairman Jonathan Dawson added: "These are very important changes for the company that allow us to further improve our ability to support our client base, maximise the opportunities for working better together across the breadth of our business, and allow Mike the opportunity to maximise time spent focussing on critical investment research and development."
River and Mercantile Group operates four main divisions - investment solutions, which encompasses both advisory and fiduciary management; derivative solutions, which provides structured equity and liability-driven investment (LDI); equity solutions, which provides both UK and global equity strategies; and a multi-asset division, which provides dynamic asset allocation and other multi-asset based solutions.
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