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The London-listed fund manager Premier Miton has been holding secret talks about buying part of the AssetCo vehicle set up by Martin Gilbert, the veteran City executive.
The 66-year-old founder of Aberdeen Asset Management (pictured) has launched a bid for R&M through his investment vehicle AssetCo.
The 66-year-old founder of Aberdeen Asset Management (pictured) has launched a bid for R&M through his investment vehicle AssetCo.
Both suitors say any deal would depend on the successful sale of R&M's solution business to Schroders, which was announced last month.
Assetco and Premier Miton have put forward offers for the business