Investment - Articles - Aberdeen Asset Management approve merger with Standard Life

 Simon Troughton, Chairman of Aberdeen Asset Management PLC, comments: “We are pleased with the overwhelming support Aberdeen shareholders have shown for the proposed merger. They recognise the strategic and financial rationale of the transaction which will create the UK’s largest active asset manager and one of the top 25 globally. The two businesses’ investment capabilities and distribution channels are highly complementary and by combining them we are well positioned to compete in an evolving global market environment. The strengths of the combined businesses in multi-asset and solutions, alternatives and active specialities, such as emerging markets, are strongly aligned to the needs of clients now and in the future. The new company will have a robust balance sheet and diverse revenue streams, by asset class and distribution channel. This will facilitate investment in the business to support long-term growth and shareholder returns.
 
 “Today represents another landmark for Aberdeen, which started 34 years ago as a £70 million investment trust and grew to become a world-renowned asset manager managing billions of assets and employing thousands of people around the globe. This deal opens up significant opportunities across all facets of Aberdeen's business and is an important step towards realising the company's ambition of creating a world-class investment business with a truly global footprint.”