Mercater, which has GBP65 million of assets under management, will trade under the Satlus name post-acquisition and will become the north-west hub of the business.
Commenting on the deal, Saltus managing partner, Simon Armstrong, said: "This is a win-win deal for everyone. The combined business will benefit from additional resources and complementary expertise while clients and professional introducers can access our multi-asset approach, working within risk budgets and investing in a global pool of ‘best of breed’ specialist managers,"
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"This acquisition gives us the perfect base from which to pursue our growth plans in the North West. There is a high quality team in place and we are looking to increase the headcount in the areas of portfolio construction, client service and finance," he added.
Mercater chairman, James Lange, will become the chairman of the combined private client business.
Mercater was formed in 2003 and specializes in multi-manager investing. In 2005, the company acquired Scott Lang Investment Management, a UK based capital management company having offices in the north of England.
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