City grandee Martin Gilbert tries to sell Assetco share split plan Investing Assetco chair Martin Gilbert is attempting to pitch his plan to split his company to investors in a bid to turn around the struggling asset manager. In June, Gilbert proposed that Assetco will be rebranded as River Global, with its 30 per cent stake in investment management and platform business Parmenion spun off. Now, Gilbert [...]
Will private equity set its sights on AJ Bell, M&G or River Global after the Hargreaves Lansdown takeover? Investing The takeover battle for Hargreaves Lansdown seemed to have finally reached a resolution this morning, and within hours of the details being announced, analysts were already speculating as to which London-listed asset manager could be next to fall to private equity. Ben Bathurst, analyst at RBC, said today that the planned investment by the private [...]
Assetco profitability ’eminently achievable,’ Martin Gilbert says Business Martin Gilbert’s Assetco saw "good progress" towards profitability in its half year results as the asset management firm looks to recover from an "exceptionally difficult" year for the sector.
Martin Gilbert’s Assetco endures ‘exceptionally difficult’ year but signs things are ‘picking up’ March 18, 2024 Chair Martin Gilbert noted the cost savings programme has required the firm to take "significant write-downs", which have impacted results for the year.