|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||4.35 - 4.35|
|52-week range||4.35 - 4.35|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
The £11bn merger of Standard Life (LSE: SL.L - news) and Aberdeen Asset Management (Frankfurt: 899502 - news) has been formally completed, establishing Europe's second-biggest fund manager. Overall, Standard Life Aberdeen will have offices in 50 cities around the world, servicing clients in 80 countries. Bosses have said they expect "natural turnover" to account for some of the reductions, while other steps will be taken to minimise compulsory redundancies.
Standard Life Aberdeen shares rose 1.2 percent at open on Monday, its first day of trading as a combined company after the competition of a merger between Standard Life and Aberdeen Asset Management. The ...
Worries about outflows from Standard Life (LSE: SL.L - news) 's flagship multi-asset strategy hit its shares on Tuesday, ahead of an 11 billion pound ($14.4 billion) merger with Aberdeen Asset Management (Frankfurt: 899502 - news) to form Britain's largest active manager. The merger will create a combined group, Standard Life Aberdeen, with assets of around 670 billion pounds and which aims to save at least 200 million pounds in annual costs. "The rationale for the merger is strategic," Chief Executive Keith Skeoch told a media call, adding that following the completion of the merger on Aug. 14, "we can hit the ground running".
The shareholders of Standard Life and Aberdeen Asset Management both gave their backing to a planned 11 billion pound merger at company meetings held on Monday. A total of 95.8 percent of Aberdeen shareholders ...
Aberdeen Asset Management (Frankfurt: 899502 - news) Chief Executive Martin Gilbert said his company will have to move some jobs to Europe from Britain if the European Union insists that the clearing of euro denominated trade should be based inside the bloc. Gilbert declined to say how many jobs would have to move, but told a financial conference on Thursday it would probably be a "handful". The EU's executive will next month publish a draft law on how clearing of euro denominated securities - an activity currently dominated by London - should be handled after Brexit.
The European Union is unlikely to discriminate against asset managers in London who want to run funds inside the bloc after Brexit, the chief executive of Aberdeen Asset Management (Frankfurt: 899502 - news) , Martin Gilbert, said on Thursday. Asset managers in Singapore and the United States can run funds in the EU because their home regulatory rules are "equivalent" or in line with the bloc's standards on customer protection. Gilbert said he expected that asset managers at his and other firms in Britain would be able to do likewise after Britain leaves the EU in 2019.
Aberdeen Asset Management Chief Executive Martin Gilbert said his company will have to move some jobs to Europe from Britain if the European Union insists that the clearing of euro denominated trade should ...
Britain's competition watchdog has launched an inquiry into the £11bn merger between Standard Life (LSE: SL.L - news) and Aberdeen Asset Management (Frankfurt: 899502 - news) . The Competition and Markets Authority (CMA) said it was seeking feedback and would decide by 18 July whether to launch a more in-depth investigation. Under the terms of the deal, Aberdeen shareholders would own 33.3% and Standard Life shareholders would own 66.7% of the combined group.
Paul Mehta is to join Aberdeen Asset Management to head up and build its new loan platform. Mehta will join in July as global head of loans and will be based in London, reporting to Aberdeen Asset Management (Frankfurt: 899502 - news) ’s global head of high-yield Steve Logan. Mehta will buy and trade par loans but could also invest in some special situation opportunities.
Standard Life (LSE: SL.L - news) and Aberdeen Asset Management expect to cut 800 jobs, nearly 10 percent of the firms' combined workforce, as part of a merger to create Britain's biggest listed investment manager. The cuts form a key part of the Scottish companies' agreed 11 billion pound ($14.2 billion) all-share deal, announced in March, which will give the firm combined assets of 670 billion pounds and aims to save 200 million pounds in annual costs. In a merger prospectus released late on Tuesday, Standard Life said 75 percent of those annual cost savings would be seen by the end of the second year of the combined company, to be renamed Standard Life Aberdeen.
The deal to create the UK's biggest asset management company will see 800 jobs cut over a three year period, according to a prospectus for shareholders. The £11 billion merger between between investment company Standard Life and fund manager Aberdeen Asset Management will see the companies "achieve cost synergies where duplication exists," Standard Life's document said. Other appropriate steps will be taken to minimise the number of compulsory redundancies, including the active management of Standard Life’s and Aberdeen’s recruitment and vacancies," Standard Life said.
The planned £11bn merger between Standard Life (LSE: SL.L - news) and Aberdeen Asset Management (Frankfurt: 899502 - news) will result in 800 job cuts, it has been disclosed. Standard Life set out the numbers in a prospectus for the the tie-up between the Scottish-based companies, two of the UK's biggest fund managers - plans for which were first revealed by Sky News in March.
Standard Life and Aberdeen Asset Management expect to cut 800 jobs, nearly 10 percent of the firms' total workforce, within three years of their looming merger, Standard Life said after announcing on Tuesday ...
The combination of Standard Life Plc and Aberdeen Asset Management Plc will be called Standard Life Aberdeen plc when the two fund groups complete their merger, Standard Life said on Tuesday. "The ...
Britain's Aberdeen Asset Management said the pace of outflows from its emerging markets-focused equity funds has slowed considerably, as it reported a jump in first-half revenue due to market gains and cost cuts. The performance marks the latest stage of a slow recovery for Aberdeen, which for several years has borne the brunt of investor caution over emerging markets, in addition to broad industry pressures including rising costs and a squeeze on fees. "These figures reflect improving sentiment towards emerging markets," said Aberdeen Chief Executive Martin Gilbert.
Two Scottish fund management giants plotting a near-£11bn merger are to hand tens of millions of pounds in retention bonuses to star executives to prevent them quitting during the deal. Sky News has learnt that Aberdeen Asset Management (Frankfurt: 899502 - news) and Standard Life (LSE: SL.L - news) have agreed to pay roughly £35m to a cluster of executives who manage huge amounts of client money. The retention bonuses - which are understood to be payable to fund managers who remain with the combined group for at least three years - form part of a one-off £320m integration cost alluded to in the companies' merger announcement in March.
Fund manager Henderson Group (Frankfurt: HDJ.F - news) said its assets under management rose 2.1 percent in the first quarter as market and currency gains more than offset net outflows from both retail and institutional clients. It also said it had made "substantial progress" towards its takeover of Janus (Shenzhen: 300083.SZ - news) , which will be put to shareholders at a vote on April 26, and confirmed it would pay an extraordinary dividend. Henderson's total assets at the end of March were 103.1 billion pounds ($132 billion), up from 101 billion pounds in the prior quarter, after market gains of nearly 4 billion pounds, the company said.
A promise in a bond issued by Aberdeen city stipulating that investors can demand their money back early if the country leaves Britain is the starkest sign yet of investor nervousness over the prospect of Scottish secession. In what lawyers said was a debt market first, the 370-million-pound bond issued late last year includes an "independence event" clause allowing early repayment if Scotland secedes before the end of the 37-year life of the debt.
Standard Life Chief Executive Keith Skeoch will oversee its day-to-day running after it merges with Aberdeen Asset Management (Frankfurt: 899502 - news) , while Aberdeen boss Martin Gilbert will handle external matters like marketing, the companies said. Analysts have expressed concern that the co-chief executive structure proposed by the firms when they announced the 11 billion-pound ($13.6 billion) merger deal two weeks ago will be unwieldy. "Both boards have thought carefully about the key responsibilities and believe that the proposals play well to Keith’s and Martin’s respective leadership strengths," Gerry Grimstone, Standard Life (LSE: SL.L - news) chairman and chairman of the proposed firm, said in a statement on Monday.
Prudential said its UK fund management arm M&G does not need to make acquisitions to bolster its competitiveness, as the British insurance group reported record profits on Tuesday. Investors have been ...