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

CEO Barham to join Schroders

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

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