River and Mercantile Group PLC today announces a number of executive organisational changes to support the business in its next stage of growth and development.
James Barham, Head of Asset Management, is promoted to Deputy CEO of the Group, a newly created role with responsibility for all the commercial business lines of the Group, including the Solutions and Asset Management businesses. James founded River and Mercantile Asset Management in 2006 and was its chief executive officer until 2014, when it merged with investment consultant and fiduciary manager P-Solve, recently rebranded to River and Mercantile Solutions.
James will continue to report to Mike Faulkner, River and Mercantile Group CEO, whose focus will remain on accelerating investment research and development.
Jack Berry, Head of River and Mercantile Solutions, moves to a new role designed to leverage the Group’s macro thinking around markets to help design strategies for clients with more complex needs to exploit these conditions most effectively. Jack has a strong background in client engagement and originally set up River and Mercantile’s Derivatives business. In his new role, Jack will report to James.
Kevin Hayes, Chief Financial Officer, will take on leadership of the Global Solutions business. Kevin has a background in advisory and asset management businesses and is well placed to lead River and Mercantile Solutions into its next phase of development. Kevin will report to James, and retain his CFO responsibility.
Commenting on the changes, Mike Faulkner said: “These appointments and changes will support the next stage in our development, strengthen our organisation and align us to more effectively service our existing and prospective clients. Our business continues to have significant opportunities to grow and I am excited about our future prospects.”
Jonathan Dawson, River and Mercantile Group Chairman, added: “These are very important changes for the company that allow us to further improve our ability to support our client base, maximise the opportunities for working better together across the breadth of our business, and allow Mike the opportunity to maximise time spent focussing on critical investment research and development.”