The merger between Premier Asset Management and Miton Group completed on Friday (15 November), creating Premier Miton Investors, a firm that has £11bn of assets under management.
The firm, which has a market capitalisation just shy of £200m, will trade on the Alternative Investment Market and be led by CEO Mike O'Shea. The merger was announced in September and has subsequently received approval from shareholders, regulators and the courts. At the time, the move was widely welcomed by industry commentators. Premier AM and Miton to merge into £11.5bn business O'Shea said the combination "creates a new, broader, stronger and exciting UK asset management business". "Our merger is based on a strong belief in the value of active management and the conviction t...
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