Aberdeen co-founder returns

One of the founders of Aberdeen Asset Management is set to launch a new wealth management firm on the London stock market this morning. George Robb, who co-founded Aberdeen and was also chairman of the business, will chair European Wealth, which is set to be reversed into the junior stock market listed EW Group today. No new funds are being raised in the float but the existing equity components will value the company at about £14m. The outfit currently has about £750m under management and has six offices based in and around the south of England.