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Insider UK
John Glover

SHOCKING: Assetco installs new chief executive at river and mercantile - You Need To See This

RMG Martin Gilbert

The former global head at Aberdeen Standard Investments has been appointed chief executive of the recently-acquired River and Mercantile Group (RMG).

Alex Hoctor-Duncan will lead the "refocused" group, which was acquired last month by Martin Gilbert's AssetCo for £98.8m. He is replacing the outgoing chief executive James Barham who is leaving to join Schroder's.

The deal values each share of RMG at 114.6 pence, based on the closing price of 1,550 pence per AssetCo share on 24 January.

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