The merger between Premier and Miton, which was announced in September, has been completed, resulting in the of launch Premier Miton Investors. The merged firm will manage £11bn of assets.
Premier’s shareholders will own two thirds of Premier Miton while Miton’s shareholders will own the remaining third.
Chief executive of the combined company, Mike O’Shea, commented on the transaction: “The creation of Premier Miton Investors 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 that we are very well placed to continue to create significant benefits for our existing and future clients through our complementary investment skill sets, client service platforms and financial strength.”