River and Mercantile Group PLC (RMG) announces that Martin Gilbert has today joined the Board as Deputy Chairman. Martin will bring to RMG his substantial experience and knowledge of the asset management sector. He is currently Chairman of Revolut Limited and Senior Independent Director at Glencore PLC, as well as Chairman of Toscafund.  However, he is probably best known as a co-founder and then Chief Executive of Aberdeen Asset Management plc which became one of the world’s leading independent asset managers under his leadership.

Jonathan Dawson, Chairman, commented:

“We are delighted that Martin will be joining the RMG board. Martin has had an exceptionally distinguished career in asset management as one of the founders and Chief Executive of Aberdeen Asset Management. He brings huge experience of the sector to RMG and we all look forward to working with him to develop RMG into a substantial growth business.”

Martin Gilbert  commented:

“RMG is a business with great potential. In the current environment there are market opportunities for RMG, both organic and through acquisitions, that can drive shareholder value and I look forward to working with the Board to help progress this development.”