Gilbert's AssetCo in talks to absorb parts of Rees-Mogg firm coastfm.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coastfm.co.uk Daily Mail and Mail on Sunday newspapers.
The industry veteran, who founded Aberdeen Asset Management and was instrumental in its merger with Standard Life, will use London-listed Assetco as a vehicle through which to start his new firm.