Asset manager River and Mercantile plans to float on the main market, following its merger with investment consultancy firm P-Solve earlier in the year.
In February, the asset manager merged with the consultancy to form a new business called River and Mercantile Group (R&M Group), headed by P-Solve's Mike Faulkner. At the time the group revealed it was planning a potential IPO to fund the merger and help the new business grow organically. The merged firm now offers advisory and investment solutions and has a total of £8.4bn in assets under management and £8.5bn managed on behalf of clients by the Derivative Solutions Division, with UK and US pension schemes, as well as insurance and retail clients, forming the bulk of its client base....
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