Re-Organisation Announcement

15 May 2025

River Global PLC is today announcing that Alex Hoctor-Duncan, CEO of River Global’s asset management business, is leaving the business.

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.

Matt Hudson, Head of Equities for River Global, will take over as Chief Investment Officer of River Global Investors LLP, the regulated asset management subsidiary of River Global PLC. In doing so, he will assume Alex’s regulatory and management responsibilities for this side of the business.

Gary Marshall, Chief Finance and Operations Officer for River Global PLC, will assume the role of CEO of SVM Asset Management (trading as RGI Fund Management), the regulated Authorised Corporate Director and Manager of the Group’s UK domiciled open-ended funds, and take on all of Alex’s other management responsibilities. Matt and Gary will both report to Martin Gilbert, Chairman of River Global PLC.

Martin 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”.

Alex Hoctor-Duncan, CEO said “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. It is now time to wish the streamlined business and its highly talented team all the best for the future.”

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IMPORTANT NOTICE

For professional investors only.

This document has been prepared by River Global Investors LLP (“RGI”). RGI is authorised and regulated in the United Kingdom by the Financial Conduct Authority (Firm Reference No. 453087) and is registered in England (Company No. OC317647), with its registered office at 30 Coleman Street, London EC2R 5AL. The value of investments and any income generated may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested. Past performance is not a reliable guide to future results. Changes in exchange rates may have an adverse effect on the value, price or income of investments. This article does not constitute an investment recommendation and should not be used as the basis for any investment decision. Opinions, estimates and projections in this article constitute the current judgement of the author as of the date of this article. Please note that individual securities named in this article may be held by the Portfolio Manager or persons closely associated with them and/or other members of the Investment Team personally for their own accounts. The interests of clients are protected by operation of a conflicts of interest policy and associated systems and controls which prevent personal dealing in situations which would lead to any detriment to a client.