Bringing you live news and features since 2006 

Mercator David Preston Gavin St Pier

Mercator sells Nova Investment Management to MD


Mercator has sold its investment management business, Nova Investment Management Limited (NIML) to Ross Preston, Nova’s existing Managing Director.

“Mercator is very much focusing on its core fiduciary services as independent trust professionals, which is why we have agreed to sell the investment management business,” says Gavin St Pier, Chairman of Mercator. “NIML has been a successful part of Mercator’s business and we are confident that this independence will give both NIML and Mercator the opportunity to develop their respective businesses, whilst continuing to work together where appropriate for clients and benefit from the longstanding relationship they have developed.

“The team has achieved sound results over the past three years since Ross joined NIML, both in terms of investment performance for their clients, and also in substantially growing assets under management locally and internationally. We at Mercator wish them every success going forwards and are confident that NIML will continue to go from strength to strength due to the team’s experience, quality and professionalism.”

Preston too believes that Nova is in an excellent position to build on ity’s success to date. “This is a very exciting time for us,” he says. “We have enjoyed a sustained period of growth through what has been one of the most difficult periods in many years for investments and businesses alike. Although it will be very much business as usual for our clients, we will use our strong foundations and new found independence to further develop and expand our business. We will remain focussed on delivering a personalised and flexible service to old and new clients alike, based upon our investment philosophy of protecting capital and delivering real returns.”

Latest News

Fidelity International has announced the launch of the Fidelity Global Government Bond Climate Aware UCITS ETF, expanding its climate-focused ETF..
ETFs in Europe gathered net inflows of USD8.61 billion during February, bringing year-to-date net inflows to USD27.94 billion, according to..
Global ETFs gathered USD19.96 billion in net inflows during February bringing year to date net inflows to USD79.79 billion, according..
Since Thursday, four new ETFs issued by Xtrackers are tradable on Xetra and via the trading venue Börse Frankfurt...

Related Articles

Off the Record Episode 1
ETF Express is pleased to announce the launch of Off the Record, a new podcast series, in partnership with Truss...
February ETF flow figures from iShares at BlackRock reveal that inflows into global ETPs were moderate for a fifth consecutive...
Noel Archard, AllianceBernstein
Noel Archard has been in position as the global head of ETFs at AllianceBernstein for just over a year and...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by