Numis recommends Martin Gilbert's AssetCo as a 'buy'

James Baxter-Derrington
clock • 2 min read

Numis has placed a buy recommendation on AssetCo, of which Martin Gilbert is chair, describing the firm as a "considerable opportunity for value creation". According to AssetCo itself, it aims to "acquire, manage and operate asset and wealth management activities and interests, together with other related services", to which Numis added the firm is "effectively the investment vehicle of Martin Gilbert (chair) and Peter McKellar (deputy chair and CEO)". Gilbert joined the firm as chair in April 2021, following the purchase of a 9.9% stake costing £3m in January 2021. McKellar also purc...

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