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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on United Kingdom

Industry Voice: SI dilemmas — is 'E' or 'S' more important?

Industry Voice: SI dilemmas — is 'E' or 'S' more important?

Sustainable investing has become mainstream, but it’s not a perfect science, with many challenges that practitioners must face.

Robeco
clock 17 May 2022 • 2 min read
New research highlights consolidation could address key end game challenges for smaller DB schemes

New research highlights consolidation could address key end game challenges for smaller DB schemes

Stoneport
clock 21 February 2022 • 2 min read
Industry Voice: What do PIE and bridging options have to offer members?

Industry Voice: What do PIE and bridging options have to offer members?

Research from Professional Pensions and Aon has shown increasing traction for these offerings

Gareth Jones
clock 08 February 2022 • 1 min read
Trustpilot