Finance

Hoctor-Duncan reunited with Gilbert at R&M

Alex Hoctor-Duncan: new role

UPDATE 25 May: A Standard Life Aberdeen high flyer is to be reunited with veteran fund manager Martin Gilbert at River & Mercantile.

Alex Hoctor-Duncan is leaving Standard Life Aberdeen where he is global head of funds business Aberdeen Standard Investments.

He will become executive director responsible for strategic development at River & Mercantile Group, the London-listed firm, where Mr Gilbert, former co-CEO at Standard Life Aberdeen, is deputy chairman.

The appointment is expected to take effect later this year following the conclusion of his contractual responsibilities. 

Mr Duncan’s arrival will come nearly five months after Mr Gilbert was appointed as R&M’s deputy chairman.

AssetCo – a cash shell that Mr Gilbert has assumed control of as his main corporate vehicle with a view to pursuing consolidation across the asset management sector – holds a stake of nearly 6% in R&M.

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