Aberdeen Asset Management plc was an international

investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

group, managing assets for both institutions and private investors from offices around the world. Its head office was in

Aberdeen Aberdeen ( ; ; ) is a port city in North East Scotland, and is the List of towns and cities in Scotland by population, third most populous Cities of Scotland, Scottish city. Historically, Aberdeen was within the historic county of Aberdeensh ...

, Scotland. The company was listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

until 14 August 2017 when, as a result of a merger with Standard Life, it became a subsidiary of the renamed

Standard Life Aberdeen Aberdeen Group plc, trading as aberdeen, is a United Kingdom-based investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The registered office of the compa ...

History

The company was established in 1983 through a

management buy-out A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or High-net-worth individual, individual. Management- and/or leveraged buyouts bec ...

of an investment trust. It was then listed on the

in 1991. In recent years, it has seen significant growth from acquisitions. In 2000 it acquired Murray Johnstone, followed by Edinburgh Fund Managers in 2003, parts of Deutsche Asset Management in 2005 and 2007, Glasgow Investment Managers in 2007, Goodman Property Investors in 2008, certain investment businesses of Credit Suisse Asset Management in 2009, and certain contracts and assets from RBS Asset Management in 2010. In November 2013,

Lloyds Banking Group Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds B ...

sold Scottish Widows Investment Partnership (SWIP) to Aberdeen Asset Management in a £660m deal. The deal made Aberdeen Asset Management the second largest listed fund manager in Europe after

Schroders Schroders plc is a British multinational asset management company headquartered in London, England. Founded in 1804, it employs over 6,000 people worldwide in 38 locations around Europe, America, Asia, Africa and the Middle East. It is traded on ...

, currently managing £308.1bn In May 2015, the firm agreed to acquire its US counterpart Flag Capital Management for an undisclosed deal that would double the private equity assets under the company's control. The Company sponsored

The Boat Race The Boat Race is an annual set of rowing races between the Cambridge University Boat Club and the Oxford University Boat Club, traditionally rowed between open-weight eights on the River Thames in London, England. It is also known as the U ...

between 1999 and 2001. In 2010 it signed a four-year sponsorship agreement with the Dad Vail Regatta to be title sponsor until 2013, the event's 75th Anniversary. The agreement has helped to keep the famous college rowing regatta in

Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...

, the Group's North American headquarters. In March 2012 it took over sponsorship of golf's Scottish Open for the following three years. Other sponsorships include the

Cowes Week Cowes Week ( ) is one of the longest-running regular regattas in the world. With 40 daily sailing races, around 500 boats, and 2500 competitors ranging from Olympic and world-class professionals to weekend sailors, it is the largest sailing ...

sailing regatta, Aberdeen Brunei Senior Masters Golf Tournament,

Edinburgh Rugby Edinburgh Rugby (formerly Edinburgh Reivers, Edinburgh Gunners) is one of the two professional rugby union teams from Scotland. The club competes in the United Rugby Championship, along with the Glasgow Warriors, its oldest rival. Edinburgh play ...

club, professional golfers Colin Montgomerie and Paul Lawrie, and former

Formula One Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one ...

driver Paul di Resta. In March 2017, Aberdeen Asset Management reached an agreement to merge with Standard Life, in an all-share merger. Standard Life changed its name to Standard Life Aberdeen on 14 August 2017.

Operations

Extreme 40 Aberdeen Asset Management at Cowes Week 2011 3

The company operated mainly in the United Kingdom but had a growing presence worldwide, particularly Asia, Oceania and the Americas, with over 2,500 staff, across 37 offices in 25 countries. Its headquarters were in the city of

, where Group functions including legal, group information and human resources were located, and it had its major investment desks in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

and

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

References

External links

Aberdeen Asset Management official site
{{Authority control Financial services companies of Scotland Investment management companies of the United Kingdom Companies based in Aberdeen Financial services companies established in 1983 1983 establishments in Scotland Scottish brands Companies formerly listed on the London Stock Exchange 2017 mergers and acquisitions Asset management companies