Since 1983, we have grown both by acquisitions and organically, first in the UK then overseas. Our headquarters remain to this day in Aberdeen, Scotland, UK.
1 April 2014. Aberdeen Asset Management obtained regulatory approval for the purchase of Scottish Widows Investment Partnership (SWIP) and its related private equity business from Lloyds Banking Group, marking an important step in Aberdeen’s growth. The purchase of SWIP’s infrastructure fund management business followed a few weeks later.
As part of the acquisition, Aberdeen also entered into a long-term strategic relationship with Lloyds. This strategic relationship operates across Lloyds’ Wealth, Insurance, Commercial Banking and Retail businesses, resulting in a stronger asset management offering for customers.
Group management board member Gary Marshall returned to Edinburgh from Philadelphia after leading the US offices and the Americas business for four years to succeed Martin Gilbert as the CEO of SWIP. A qualified actuary, Gary joined Aberdeen in 1997 with the acquisition of Prolific Financial Management from life company Scottish Provident.
The transaction was significant for the long-term prospects of Aberdeen in a number of ways. It strengthened our investment capabilities and added new distribution channels. The acquisition of SWIP added scale to our existing business across a range of asset classes, including fixed income liquidity solutions, active equity management and alternatives investments such as property, private equity and infrastructure.
The transaction also increased the scale of Aberdeen’s operations conducted from Edinburgh, which was already an important component of Aberdeen’s existing business.
We launch our first ever global brand advertising campaign. The group acquires 50.1% stake in SVG Advisers, acquires Artio Global Investors Inc in the U.S. in May and announces the planned strategic acquisition of Scottish Widows Investment Partners in November. 2014: Aberdeen announces the completion of the acquisition of Scottish Widows Investment Partnership.
Aberdeen completes the acquisition of certain assets and contracts from RBS Asset Management Limited and RBS Asset Management Holdings on 1 Feb 2010.
Closing of Credit Suisse acquisition completed on 30 June 2009.
Aberdeen acquires Goodman Property Investors to help strengthen its position in the UK property market.
Aberdeen announces business alliance with Mitsubishi UFJ Trust and Banking Corporation in Japan. Mitsubishi takes 9.9% stake on Aberdeen.
On 31 December, Aberdeen announced the proposed acquisition of asset management businesses from Credit Suisse.
Aberdeen buys Deutsche Asset Management assets as part of expansion plans in Australia.
Aberdeen Property Investors expands into Russia, recruiting a team to manage commercial real estate investment in Eastern Europe from an office in St Petersburg.
Aberdeen acquires Glasgow Investment Managers, adding to its range of closed end funds under management and strengthening it's UK equity capabilities.
Aberdeen acquires certain U.S. fund management businesses from Nationwide Financial Services including a broad cross-section of U.S. mutual funds and variable insurance trusts sub-advisory mandates.
Acquisition of German-based property investment manager DEGI Deutsche Gesellschaft für Immobilienfonds mbH ('DEGI') from Dresdner Bank AG. DEGI has approximately €6.4 billion (£4.7 billion) of assets under management in a number of property funds offering German, European or global commercial property exposure.
Purchase of certain investment businesses from Deutsche Asset Management, principally Deutsche Asset Management Limited, DWS Investments in the UK, Deutsche Asset Management Life & Pensions Limited and Deutsche Asset Management Investment Services Limited.
Sale of UK retail unit trusts to New Star for £87.5m.
Acquisition of Edinburgh Fund Managers chiefly via issue of new shares, with back to back sale of retail funds to New Star.
Purchase of Murray Johnstone (UK), a manager of private equity, international equities and bonds and Equitilink (Australia), a manager of domestic assets and US closed-end high yield funds.
Acquisition of Barclays Property Investment (UK) along with Celexa to create Aberdeen Property Investors, a direct property arm.
Purchase of investment management arm of Aetna Insurance including Luxembourg-based offshore funds and Hong Kong office.
Change of name to Aberdeen Asset Management PLC.
Acquisition of Prolific Financial Management from Scottish Provident, creating UK top-10 unit trust manager.
US-based Phoenix Home Life takes 28% share in the company via issue of new shares.
In 2005, Phoenix Companies Inc. disposed of its entire shareholding in Aberdeen.
Singapore office set up under Hugh Young and Peter Hames to manage all Asian assets including Japan.
Listing of Group on London Stock Exchange as Aberdeen Trust PLC.
New teams introduced managing specialist Asian, Emerging Markets and UK smaller company funds.
Group formed by management buyout, including current Chief Executive Martin Gilbert, of £50m investment trust in Aberdeen, Scotland, UK.