Standard Life Aberdeen to change name to Abrdn April 26, 2021 Fund manager Standard Life Aberdeen has today announced that it will change its name to Abrdn in an effort to shore up its brand identity. The rebranding process will begin in the summer with the aim of creating a “digitally-enabled brand” that will be used for all the company’s client-facing businesses globally. The Abrdn brand, [...]
Standard Life Aberdeen remains optimistic despite 2020 profit slump March 9, 2021 Standard Life Aberdeen suffered a drop in profits in 2020, the fund manager announced today. Operating profit fell 27 per cent to £219m last year, while adjusted pre-tax profit dropped 16 per cent to £487m. The firm finished the year with a strong surplus capital position of £2.3bn, compared to £1.7bn in 2019, benefitting from [...]
Standard Life Aberdeen profit hit by coronavirus and £25bn Lloyds withdrawal August 7, 2020 Standard Life Aberdeen’s pre-tax profit slumped 30 per cent to £195m in the first half of 2020 after Lloyds withdrew £25bn in the peak of the pandemic. The figures Fee-based revenue fell 13 per cent to £706m as clients pulled their money out to lower fee assets and Lloyds’ scheduled withdrawal of assets. That missed [...]
Standard Life Aberdeen profit slips as investors withdraw funds March 10, 2020 Standard Life Aberdeen’s underlying profit dropped 10 per cent in 2019 as investors continued to withdraw their cash from its funds, hurting revenue. The figures Fee-based revenue fell 13 per cent to £1.63bn after net outflows in 2018 and 2019. And adjusted profit before tax dropped 10 per cent year on year to £584m as [...]
Standard Life Aberdeen to offer nine months’ fully paid parental leave October 30, 2019 Investment company Standard Life Aberdeen (SLA) is to offer all its employees nine months of fully-paid leave when they become parents, and one year’s total leave. SLA said the leave would be available to all new parents, irrespective of gender, family situation, or how long they have worked for the company. Read more: Martin Gilbert [...]
City giant Martin Gilbert reveals which Tory leadership contender he thinks is ‘amazing’ May 20, 2019 City titan Martin Gilbert has talked up environment secretary Michael Gove as the next Conservative leader, dubbing him “amazing”. Gilbert, who co-founded Aberdeen Asset Management in 1983, was full of praise for the Brexit campaigner in an interview with City A.M. on the fringes of the City Week 2019 conference. “I think he’s amazing, I [...]
Positive markets help Standard Life Aberdeen boost assets in first quarter May 14, 2019 Assets under management at Standard Life Aberdeen increased by three per cent in the first quarter, helped by positive market movements. The company said assets under management hit £568.9bn, up from £551.5bn at the same point last year. Read more: Standard Life Aberdeen wins £100bn asset dispute with Lloyds It said positive market movements were [...]
Dogs of the Footsie 2019: 10 shares yielding 6 per cent plus March 23, 2019 | City Talk By David Budworth from interactive investor. Here are the 10 high yielders that make it into this year's Dogs of the Footsie investment strategy. It's time to reset our Dogs of the Footsie portfolio, selecting the 10 highest-yielding shares of the FTSE 100 index. Around half of 2018's portfolio is carried over on to this [...]
End of an era: Martin Gilbert’s legacy as he steps down from Standard Life Aberdeen chief executive role March 13, 2019 City veteran Martin Gilbert stepped down as joint chief executive of Standard Life Aberdeen this morning as the investment firm ditched the management structure put in place following the 2017 merger of Standard Life and Aberdeen Asset Management. The move brings to an end Gilbert's 36-year reign as chief executive of Aberdeen Asset Management, and Standard [...]
Standard Life Aberdeen scraps co-chief executive structure March 13, 2019 Standard Life Aberdeen has scrapped its co-chief executive structure, the investment firm announced this morning as it reported a dip in profits and assets under management (AUM). Keith Skeoch has been appointed sole chief executive and Martin Gilbert has been moved to vice chairman of the company, dissolving the structure that was agreed following the [...]