River & Mercantile (R&M) has promoted asset management head James Barham to deputy chief executive of the wider group to position the firm for "the next stage of growth".
In the newly-created role, Barham (pictured) will be responsible for the running of the firm's solutions and asset management businesses and will continue to report to the group's chief executive Mike Faulkner.
Barham founded the firm's asset management business in 2006 and was CEO until 2014, when it merged with investment consultant and fiduciary manager P-Solve, which recently rebranded to R&M Solutions.
Meanwhile, Jack Berry, head of R&M Solutions, has taken on extra responsibilities including leveraging the firm's macro expertise to help design strategies for clients with more complex needs.
Berry, who founded the firm's derivatives business, will report to Barham.
R&M's chief financial officer Kevin Haynes will become head of the global solutions business, reporting to Barham and retaining his CFO responsibilities.
Faulkner commented: "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."
Jonathan Dawson, chairman of R&M, 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 focusing on critical investment research and development."
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