George Robb launches new wealth management group

George Robb, a founder and former chairman of Aberdeen Asset Management (AAM), today launches a new wealth management business, European Wealth Management Group (EWMG).

Robb, along with John Morton and Rod Gentry, aims to build an independent business with assets under management of 1 billion in three years and 3bn in five years, with offices across Europe.

EWMG reunites Ashcourt Holdings' founding shareholder Morton with his chief executive, Gentry. They grew Ashcourt into a 2bn asset manager before it was merged with another firm.

Robb is chairman of EWMG. He is also currently the managing director of investment trust Asset Management Investment Company. He co-founded AAM with Martin Gilbert, its current chief executive, in 1983 along with Ronnie Scott Brown.

The group will take over Gentry's firm, European Investment Management. The team also includes Richard Stammers and Richard Wayne-Wynne.