AssetCo, the London-listed company backed by veteran City fund management veteran Martin Gilbert, has doubled its stake in River & Mercantile and has announced plans to transform itself into a fully-fledged asset and wealth-management operation.
AssetCo, which is best-known as a provider of management and resources to the fire and emergency services, announced on 8 February that it had acquired another 2.5m ordinary shares in River & Mercantile.