Aberdeen Asset Management co-founder and former Standard Life Aberdeen (SLA) CEO Martin Gilbert has taken a £3m stake in AssetCo, leading an investor group taking a 29.8% interest in the firm.
Gilbert bought a 9.9% stake in AssetCo, equal to 650,000 shares at 475p each, alongside ex-SLA private markets head Peter McKellar, who stumped up around £1m for a 3.4% stake. Toscafund Asset Management, the multi-asset investor Gilbert chairs, has taken a further 12% position, with other associates holding 4.2% of the firm. Martin Gilbert appointed as River and Mercantile deputy chair AssetCo will look to pursue strategic investment opportunities in the financial services sector, a strategy that began last week with the firm taking a 2.9% stake in River & Mercantile. The firm c...
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