Liontrust Asset Management (LSE:LIO) completed its acquisition of River Global Holdings, combining the two businesses to create a pro-forma assets under management and advice (AuMA) base of £24.4 billion.
River Global brought £3.0 billion in AuMA as at 19 June, measured against Liontrust's £21.4 billion at the same date.
Chief Executive John Ions said the deal "strengthens and broadens our investment capabilities across a wider range of styles," adding that a "return to net inflows" is among the key objectives for the enlarged group.
Liontrust said River Global's investment managers and funds will gain from the combined group's greater scale to expand distribution in the UK and internationally, while the broader product range is expected to drive future growth.
