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Aberdeen and Standard Life Completes Merger to Form £670 Billion Asset Manager
Aberdeen Asset Management and Standard Life has completed the merger to form Standard Life Aberdeen, with total asset under management of £670 billion (USD 871 billion).
” Standard Life Aberdeen MERGED TO FORM £670 billion ASSET MANAGEr “
The Group’s investment business, Aberdeen Standard Investments, manages £583 billion of assets, becoming one of the largest active managers in Europe, with over 1,000 investment professionals globally.
Keith Skeoch, Chief Executive of Standard Life Aberdeen:
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“Today marks the culmination of many months of hard work and preparation by our business, and the beginning of a new chapter in our history as Standard Life Aberdeen plc. Our leadership team is in place and we have full business readiness from day one. Our people have worked exceptionally well together to complete the merger on schedule and we would like to thank them for this. The co-operation and collaboration we have witnessed bodes well for the on-going integration of the business, and in helping us create a world-class investment company for our clients, shareholders and our people.”
Martin Gilbert, Chief Executive of Standard Life Aberdeen:
“As ever our priority remains the delivery of strong investment performance and the highest level of client service. The merger deepens and broadens our investment capabilities, and gives us a stronger and more diverse range of investment management skills as well as significant scale across asset classes and geographies. We believe this will enable us to deliver an even better proposition and service to our enlarged client base.”
About Standard Life Aberdeen
Standard Life Aberdeen plc is a leading global investment company. We have operations in 50 locations worldwide and employ around 9,000 people. We are dedicated to helping our clients and customers invest for their future. Our expertise and resource enables us to offer a wide range of investment solutions and services designed to meet their needs today, tomorrow and for the longer term. We manage, administer and advise on £670 billion* of assets worldwide.
Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange. The Standard Life Aberdeen group was formed by the merger of Standard Life plc and Aberdeen Asset Management PLC on 14 August 2017.
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