6th Sep 2018 15:07
LONDON (Alliance News) - River & Mercantile Group PLC on Thursday said it shifted the board of directors to focus on its investment research & development.
The asset management company said it promoted James Barham to the position of deputy chief executive officer. Prior to this, Barham was global head of distribution.
Meanwhile, a new role was created to help clients with "more complex needs" adopt strategies to exploit macro conditions most effectively. This role will be taken over by Global Head of Solutions Jack Berry, who has a strong background in client engagement and originally set up River & Mercantile's Derivatives business.
Chief Financial Officer Kevin Hayes will take on leadership of the Global Solutions division, the company said. Hayes has a background in advisory and asset management businesses and is well placed to lead the business into its next phase of development.
"These are very important changes for the company that allow us to improve further our ability to support our client base, maximise the opportunities for working better together across the breadth of our business," said Chairman Jonathan Dawson.
Shares in River & Mercantile were down 0.3% on Thursday at 317.20 pence each.
Related Shares:
RIV.L