Schroders to Acquire RMG’s Solutions Division for Nearly £230 Million

Schroders, a British multinational asset management company, today announced that it has reached a definitive agreement to acquire the UK Advisory, Fiduciary Management and Derivatives business ("the Solutions Division") of River and Mercantile Group PLC ("RMG").

The deal is worth about £230 million, and is anticipated to complete in Q1 2022, subject to RMG shareholders' and regulatory approval. As at 30 September 2021, the Solutions Division had £42 billion of assets under management. 

Upon completing the transaction, James Barham, Chief Executive of RMG, will join Schroders and continue to lead the Solutions Division, reporting to Schroders Group Chief Executive, Peter Harrison.

"This acquisition further enhances our ability to meet the increasingly complex needs of pension fund clients and is consistent with our growth strategy. The business brings with it a well-respected team, with a strong track record of success and is a good cultural fit with Schroders. We see significant opportunities from this partnership," commented Peter.

Recently, Schroders announced several senior appointments​ and promotions to further consolidate its Sustainable Investment team.