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Aberdeen Asset Management co-founder joins investment consultancy board
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Former Aberdeen Asset Management chief executive and co-founder Martin Gilbert has been appointed as deputy chairman of investment consultancy firm River and Mercantile Group.
The City veteran is currently also chairman of challenger bank Revolut, senior independent director at Glencore and chairman of Toscafund.
River and Mercantile chairman Johnathan Dawnson said he was “delighted” that Gilbert will join the board.
“He brings huge experience of the sector to RMG and we all look forward to working with him to develop RMG into a substantial growth business,” Dawson said.
Gilbert added: “RMG is a business with great potential. In the current environment there are market opportunities for RMG, both organic and through acquisitions, that can drive shareholder value and I look forward to working with the Board to help progress this development.”
Newton IM names Euan Munro as CEO
Former Aviva Investors boss Euan Munro has been appointed as chief executive of Newton Investment Management.
He will take up the position on June 23 and report to Hanneke Smits, chief executive of parent group BNY Mellon Investment Management and the former chief executive of Newton.
Andrew Downs will continue as interim CEO until Munro s arrival, after which he will resume his role as chief operating officer.
“[Munro’s] investment credentials and extensive experience leading one of the UK’s larger asset managers with a presence in the institutional, intermediary and retail markets, are highly relevant to Newton and we look forward to warmly welcoming him soon,” said Smits.