7IM to acquire a majority stake in Rockhold Asset Management from ASHL Group.

Seven Investment Management, a UK-based wealth and investment manager, agreed to acquire a majority stake in Rockhold Asset Management, a UK-based firm offering managed portfolio services, multi-manager funds, and bespoke discretionary management services, from ASHL Group, a financial services group. Financial terms were not disclosed. "We are thrilled to welcome the team at Rockhold Asset Management to the 7IM group. The acquisition is a natural fit for us, as it strengthens our commitment to offering clients the best possible investment options and services," Dean Proctor, 7IM CEO.