Former global head of Aberdeen Standard Investments set for top job
Acquisition expected to clear in the first quarter of next year
Comes after the group reported it had picked up £2bn in mandates ahead of the retender deadline
It comes as the investment group joins up to the Net Zero Asset Managers initiative
River and Mercantile (R&M) has revealed it has been appointed to run a £1.16bn fiduciary mandate.
Fund house River and Mercantile (R&M) saw net flows of £1bn for the three months to 30 September 2019 thanks to strong investment performance across all divisions.
River and Mercantile Group has announced a number of senior personnel changes in a bid to further grow the business.