River and Mercantile sells UK solutions division to Schroders for £230m

CEO James Barham to join Schroders

clock • 1 min read
James Barham will join Schroders to lead the solutions business

James Barham will join Schroders to lead the solutions business

Schroders has announced its intention to acquire River and Mercantile Group’s (RMG) UK solutions business for approximately £230m, with CEO James Barham set to transfer as part of the deal to lead the business at Schroders and take on a broader management role.

The transaction is expected to complete in the first quarter of 2022, subject to RMG shareholders' and regulatory approval. Upon completion, Alex Hoctor-Duncan will succeed Barham as CEO of RMG, and will join the board on 29 November as previously announced. RMG has said it intends to refocus as a specialist asset manager, and to diversify and grow its investment capability, product range and geographic exposure, with specific plans to create a broader range of equity products, and in-demand alternatives and private market products. River and Mercantile to launch strategies with ne...

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