800 jobs to go in Standard Life/Aberdeen merger
Standard Life Investment and Aberdeen Asset Management will make 800 job cuts once their £11bn merger deal is finalised.
Standard Life Investment and Aberdeen Asset Management will make 800 job cuts once their £11bn merger deal is finalised.
Outspoken Aberdeen Asset Management chief Martin Gilbert is rolling up his sleeves to become a non-executive director on the board of mining giant Glencore.
The merger of Standard Life and Aberdeen is a sign of the times in asset manager consolidation, but who will be the winners and losers from the trend?
Fidelity International is pushing harder into property with the hire of another portfolio manager as it witnesses growing demand for the asset class.
After being forced to confirm discussions about a potential £11bn merger, does the consolidation of Standard Life and Aberdeen Asset Management prove a new wave of M&A in fund management is on its way?
News of Standard Life’s agreement to purchase Aberdeen Asset Management has seen shares in both companies take off, with the former climbing to its highest value in over a year.
Standard Life and Aberdeen Asset Management have agreed to merge in an astonishing £11bn deal, following a weekend of intense talks.
Aberdeen Asset Management was hit by £10.5bn outflows in fourth quarter of 2016, including £4.2bn equity redemptions from an unamed UK wealth manager and sovereign wealth fund.
Graham Duce, a key figure in Aberdeen’s multi-asset team has moved roles to work in the asset manager’s distribution team.
Aberdeen Asset Management has reported £32.8bn of net outflows with negative economic and political newsflow having “weighed on investor sentiment”, according to chief executive Martin Gilbert.
Aberdeen Asset Management chief executive Martin Gilbert has sold a £5.3m stake in the business through a deferred share exercise.
Aberdeen Asset Management has raised £115 million of equity to invest in the UK private rented sector (PRS).