Aberdeen and Standard Life Plans to Cut 800 Jobs
The merger between Aberdeen Asset Management and Standard Life will see 800 jobs cut from the combined group within three years.
“it will expect annual cost savings about 200 million pounds by the end of the third year.”
Standard Life Aberdeen Plc as the new company will be known has stated that it will expect annual cost savings about 200 million pounds by the end of the third year after the merger.
News Source: Bloomberg
About Standard Life Investments
Standard Life Investments is a leading asset manager with an expanding global reach. Standard Life Investments manages £269.0 billion* on behalf of clients worldwide. Our investment capabilities span equities, bonds, real estate, private equity, multi-asset solutions, fund-of-funds and absolute return strategies. Headquartered in Edinburgh, Standard Life Investments employs more than 1,100 talented professionals. We maintain a presence in a number of locations around the world including Boston, Hong Kong, Paris, London, Beijing, Sydney, Dublin and Seoul. In addition, we have close relationships with leading domestic players in Asia, including HDFC Asset Management in India and Sumitomo Mitsui Trust Bank in Japan.
- Origin: Edinburgh, United Kingdom
- Assets: 269 billion GBP
- Revenue: 8.892 billion GBP
- Employees: 6,500
Official Website: www.standardlifeinvestments.com
News & Media: Press Release
Updated on 8th August 2016