Abrdn snaps up retail investing platform Finimize in second digital acquisition October 29, 2021 Abrdn, formerly Standard Life Aberdeen, has acquired retail investing content platform Finimize for an undisclosed sum, in its second major digital investment this year. It’s a move that reinforces CEO Stephen Bird’s focus on bolstering the asset manager’s digital capabilities for its personal and institutional investors, and comes just two months after it acquired AI [...]
Aberdeen Standard offloads largest property fund asset December 11, 2019 Aberdeen Standard Investments has offloaded the biggest asset in its property fund following a spike in investor redemptions. The asset management giant has sold The Moor shopping centre in Sheffield to New River real estate investment trust, after putting it on the market with an £89.4m price tag. Read more: Debate: Should illiquid assets be [...]
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 [...]
Superdry board in mass resignation as Dunkerton takes the reins April 2, 2019 Superdry suffered a boardroom exodus tonight after the troubled retailer’s co-founder won an audacious bid to reinstall himself onto the firm’s board. In a shock move this evening, Superdry’s entire board – including its chief executive and chairman – revealed plans to step down after Julian Dunkerton won an investor vote which will see him [...]
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 [...]
Royal London to appoint Standard Life Aberdeen board member Kevin Parry as chairman December 10, 2018 Royal London will appoint Standard Life Aberdeen board member Kevin Parry as its chairman this week. The company is set to announce that Parry will replace former Bank of England deputy governor Rupert Pennant-Rea, who has been in the role for five years, Sky News reported. The appointment will see Parry step down from his role [...]
Jobs will stay in City after Brexit, says top asset manager November 8, 2018 Jobs will not leave the City of London in huge numbers after Brexit, the head of one of the country’s biggest asset managers has said. Martin Gilbert, the co-chief executive of Standard Life Aberdeen, said he is “positive” about the City’s future, and believes Dublin will be the big winner as jobs are created there [...]
Aberdeen weighs on FTSE after report of £9bn net outflow – London Report July 23, 2015 UK shares yesterday started brightly but fell for a third day in a row, as Aberdeen Asset Management weighed on the FTSE 100. The blue chip index fell 0.2 per cent, 12.33 points, to 6,655.01 at the close, after earlier climbing as much as 0.6 per cent. Aberdeen Asset Management tumbled 7.6 per cent, touching [...]
Aberdeen Asset Management share price plunges on quarterly results as investors cut down Asian, emerging markets exposure July 23, 2015 Aberdeen Asset Management's share price plunged this morning, making it the biggest faller on the FTSE 100 this morning, after revealing a gloomy set of results. The figures: The fund manager has had a tough quarter. Assets under management have dropped considerably, down to £307.3bn at 30 June from £330.6bn at the end of March [...]