Martin Gilbert's AssetCo doubles stake in River & Mercantile

Change of business strategy

David Brenchley
Aberdeen Asset Management co-founder Martin Gilbert

Aberdeen Asset Management co-founder Martin Gilbert

AssetCo has doubled its stake in financial services firm River & Mercantile (R&M), as it looks to pivot its business strategy to develop an asset and wealth management business.

The firm said it had purchased 2.5 million shares in R&M last Friday (5 February) at 228p, taking its total stake in the business to 5 million shares, representing 5.85% of its issues share capital...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week