Schroders completes acquisition of RMG’s Solutions business
Schroders plc confirms that all necessary regulatory and shareholder approvals have now been received and the acquisition of the UK Advisory, Fiduciary Management and Derivatives business of River and Mercantile Group PLC completed on 31 January 2022.
The deal was initially announced in October 2021. Back then, Schroders said that the transaction is valued at approximately £230 million.
As at 30 September 2021 the Solutions Division had £42 billion of assets under management.
Schroders Group Chief Executive, Peter Harrison has explained that the deal is consistent with Schroders’ 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. Schroders sees significant opportunities from this partnership.