British asset manager River & Mercantile Group has appointed James Barham to the newly-created position of deputy CEO.

Barham established River and Mercantile Asset Management in 2006 and held the role of the firm’s CEO till 2014, when the firm merged with investment consultancy P-Solve. The investment consultancy was later renamed as River and Mercantile Solutions.

As deputy CEO, Barham will manage the group’s commercial businesses such as the solutions and asset management businesses.

He will report to the firm’s CEO Mike Faulkner, who will continue to focus on investment research and development.

Meanwhile, Jack Berry, who launched the firm’s derivatives business, will now assume a new role.

In the new capacity, Berry will be responsible for supporting clients adopt strategies to exploit macro conditions effectively.

In addition, Kevin Hayes has now been appointed as the head of the global solutions business. He will assume the new responsibility while .

In their new roles, Hayes, who will retain his existing role of CFO, and Berry will report to Barham.

River and Mercantile chairman Jonathan Dawson said: “These are very important changes for the Company that allow us to improve further our ability to support our client base, maximise the opportunities for working better together across the breadth of our business, and allow Mike to maximise the time focussing on critical investment research and development.”