Change at top of Gilbert’s River Global asset firm – Daily Business

Martin Gilbert’s asset management firm River Global has changed its chief executive after
Alex Hoctor-Duncan announced his departure and was replaced by Matt Hudson.

Mr Hoctor-Duncan helped oversee the firm’s rebrand from AssetCo, which completed earlier this year.

Current head of equities Matt Hudson will take over as CIO of River Global Investors, and will assume Mr Hoctor-Duncan’s regulatory and management responsibilities for the firm’s asset management arm.

Gary Marshall, River Global’s chief finance and operations officer, will become CEO of SVM Asset Management. He will take on Mr Hoctor-Duncan’s other responsibilities.

“I’m pleased to leave River Global in a much better position to deal with today’s incredibly challenging market conditions for active asset managers,” said Mr Hoctor-Duncan.

River Global said: “Over the last three and a half years Alex has led the asset management business through a period of transformation and significant re-design to deliver a simplified and stable platform that is well positioned for growth.

“Having achieved these goals, Alex and the Board of River Global PLC have agreed that it is the right time for Alex to step down and he will hand over his responsibilities in the coming months.”

Mr Gilbert said: “I would like to thank Alex for his energy, resilience and leadership in steering River Global through an incredibly difficult period for the industry. We are now better positioned for growth, and I am pleased that our succession planning enables the smooth transition to Matt Hudson and Gary Marshall.

“River Global today has assumed its rightful place as a specialist boutique provider with a tremendous track record of stock picking, a focused and appealing range of UK, Global and Regional equity products and demonstrable expertise particularly in the small and mid-cap sector”.