Aberdeen

REVIEW OF THE YEAR

Aberdeen chief executive Martin Gilbert has netted £8.6m from the sale of 1.78m shares in the firm, according to a regulatory filing.

Despite the slowdown in Asian growth this year, the banking sector remains in rude health, according to Aberdeen Asset Management's Hugh Young.

Fund groups are facing a fresh headwind to their expansion attempts as global private banks' buy lists shrink post-RDR.

Seven of the UK's largest asset managers are teaming up to gather information on end investors' needs in a move which could trigger changes to their fund ranges.

Aberdeen's chief executive Martin Gilbert has committed the fund group to competing on a global scale after it secured the takeover of Scottish Widows Investment Partnership (SWIP) in a deal worth up to £650m.

The leading US equity markets hit fresh record highs on Monday, suggesting a ‘Santa rally' is well underway in the run up to Christmas.

Aberdeen CEO Martin Gilbert has said Lloyds Banking Group's plan to boost its wealth management capabilities is a crucial factor in the fund manager's deal to buy SWIP, but refused to be drawn on possible job cuts.

Aberdeen has beaten off competition from Macquarie to acquire Scottish Widows Investment Partnership (SWIP) from Lloyds Banking Group in a deal worth up to £650m.

A number of smaller investment trusts have been forced to cancel expansion plans as larger vehicles continue to dominate the market.