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.
[The combination] creates a new, broader, stronger and exciting UK asset management 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 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," he added.
"Combining our investment talent results in a greater range of relevant funds for clients, across different asset classes and geographies, covering a diverse range of investment styles from which clients can benefit."
O'Shea said the firm has "distinctive specialisms in outcome based multi-asset solutions and high conviction active single strategy funds".
The combined group also has "greater financial strength and scale, and enhanced distribution relationships with UK financial advisers, wealth managers and platforms", it added.
This article was first published by Investment Week, a sister title to International Investment.