Acquisition expected to clear in the first quarter of next year
Comes after the group reported it had picked up £2bn in mandates ahead of the retender deadline
It comes as the investment group joins up to the Net Zero Asset Managers initiative
River and Mercantile (R&M) has revealed it has been appointed to run a £1.16bn fiduciary mandate.
Fund house River and Mercantile (R&M) saw net flows of £1bn for the three months to 30 September 2019 thanks to strong investment performance across all divisions.
River and Mercantile Group has announced a number of senior personnel changes in a bid to further grow the business.