Liontrust shareholders have voted in favour of the takeover of Swiss rival GAM to form a £53bn AUM fund manager.

Liontrust Asset Management has completed its £120m acquisition of smaller rival Majedie Asset Management. 

Fund manager Liontrust has acquired Architas Multi-Manager and Architas Advisory Services in a deal worth up to £75m.

Liontrust Asset Management has reported an increase in assets under management of 61% - from £6.5bn to £10.5bn over the last year.