Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

River and Mercantile to merge with P-Solve

River and Mercantile to merge with P-Solve

River and Mercantile Asset Management (R&M) is to merge with investment consultancy P-Solve in a move that could see the combined group floating onto the stock market.

The merged firm will be renamed River and Mercantile Group.

It will retain the two companies’ existing business channels but will look to develop new services. These will combine the R&M’s equity management with the asset allocation and derivate management capabilities of P-Solve to offer outcome-focused mandates for both the retail and institutional markets.

After the merger is completed the company will 'explore the possibility of an IPO to raise capital for further investment in its growth strategy.

P-Solve's chief executive Mike Faulkner will be CEO of the combined group with R&M chief executive James Barham (pictured) set to continue heading the equity managament business. He will also oversee groupwide distribution.

Barham said: 'This merger ensures that we are true to our founding principles, aims and objectives. This will accelerate our plans to develop a broad-based, diversified business where investment sits at the heart of our firm.

'We will have a strengthened platform from which to work and support our clients and consultants and I look forward to working with the new management team to achieve our common goals.'

Faulkner said: 'This takes us forward significantly in our ability to continue enhancing the level of service we provide to our clients. This is both in terms of the expanded flexibility it will give us in developing investment solutions, and the depth of investment thinking that will exist in the combined business.'

The two companies majority shareholders, Pacific Investments, which has a large stake in R&M, and Punter Southall, the owner of P-Solve, will retain strategic shareholdings in the merged firm.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter