FCA approves AssetCo takeover of R&M

Comes after a 'firm intention' for the deal was confirmed in January

Lauren Mason
clock • 1 min read
R&M chief executive Alex Hoctor-Duncan
Image:

R&M chief executive Alex Hoctor-Duncan

The Financial Conduct Authority (FCA) has approved the change of control of River and Mercantile Group (R&M) to AssetCo, following the agreement of an all-share acquisition between the two firms at the start of the year.

The approval comes one month after the reverse takeover received 100% shareholder approval at AssetCo's annual general meeting, in what chair Martin Gilbert called a display of "overwhelming suppor...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Insight Investment wins £1bn fiduciary mandate

Insight Investment wins £1bn fiduciary mandate

Investment manager now runs £4.5bn across fiduciary and OCIO offering launched in 2024

Jonathan Stapleton
clock 10 September 2026 • 1 min read
PP Investment Awards 2026: Shortlists revealed!

PP Investment Awards 2026: Shortlists revealed!

The awards celebrate excellence among asset managers

Professional Pensions
clock 10 September 2026 • 4 min read
M&G readies to launch CDI+ solution as it post £1.7bn of BPA business so far in 2026

M&G readies to launch CDI+ solution as it post £1.7bn of BPA business so far in 2026

Firm’s newly launched BPA-plus offering contributed to significant growth

Jonathan Stapleton
clock 03 September 2026 • 1 min read
Trustpilot