AssetCo deputy chair Peter McKellar retires as group withdraws from infrastructure business

Will remain a 'significant shareholder'

Valeria Martinez
clock • 2 min read

AssetCo has lost its deputy chair Peter McKellar, who is retiring from the board following the firm's decision to exit its infrastructure business.

In a stock exchange notice on Tuesday (16 April), the firm said McKellar will retire as a director on 30 April to focus on his other non-executive director roles. His decision to resign from the board followed AssetCo's announcement in October last year that it would sell its stake in River and Mercantile's infrastructure investments business (RMI) to its chief Ian Berry, alongside its other two existing partners. AssetCo losses triple to £26.7m in 'exceptionally difficult' year The firm said the sale, expected to complete at the end of this month, would enable the group to focus o...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on People moves

Premier Miton's Ian Rees to assume full responsibility of multi-manager team

Premier Miton's Ian Rees to assume full responsibility of multi-manager team

Rees to lead as Hambidge steps back

clock 29 May 2024 • 1 min read
Ewan Markson-Brown left without funds after CRUX double closure

Ewan Markson-Brown left without funds after CRUX double closure

CRUX Asia ex-Japan and CRUX China funds

clock 28 May 2024 • 1 min read
abrdn promotes Dan Grandage to chief sustainability officer

abrdn promotes Dan Grandage to chief sustainability officer

Following Amanda Young’s exit

Linus Uhlig
clock 28 May 2024 • 1 min read
Trustpilot