How Aberdeen Asset Management began and where we are today
We've been growing steadily, both through acquisitions and by expanding our own business, since we started out in 1983. We're based in Aberdeen, Scotland, and have been since the day we began.
Aberdeen Asset Management was found via a management buyout when a group of Investors, including current Chief Executive Martin Gilbert, acquired a £50 million Investment trust in Aberdeen, Scotland.
We were listed on the London Stock Exchange under the name Aberdeen Trust PLC. (We changed our name to Aberdeen Asset Management in 1997).
Throughout the 1990s we grew rapidly, taking on assets in Asia and Europe and setting up offices in Singapore and Hong Kong.
Aberdeen acquired Prolific Financial management from Scottish Provident, propelling the Group into status as a UK top-10 unit trust manager.
Aberdeen branched out to direct property, forming Aberdeen Property Investors through our acquisition of Barclays Property Investment (UK) and Celexa.
Also in 2000, we purchased Murray Johnstone (UK), an International equities and bond manager, and Equitlink, an Australian manager of domestic assets and U.S. closed-end funds.
This year saw a major sale of UK retail unit trusts to New Star, bringing the company £87.5 million. This, among other acquisitions, helped us to acquire Edinburgh Fund Managers.
Aberdeen acquired the UK and US Institutional businesses of Deutsche Asset Management.
We also moved into the Australian market with additional purchases from Deutsche Asset Management, and increased our US Assets with fund management businesses from Nationwide Financial Services.
A major acquisition in 2007 was DEGI Deutsche Gesellschaft fur Immobillienfonds mbH, which manages around £4.6 billion of assets in property funds.
We strengthened our position in the UK, acquiring Goodman Property Investors, and announced our business alliance with Mitsubishi UFJ Trust and Banking Corporations, Japan.
We completed our acquisition of the asset management company Credit Suisse, which we had begun in 2008.
Aberdeen opens its Brazilian office.
Closer to home, we acquired assets and contracts from RBS Asset Management and RBS Asset Management Holdings.
We acquired 100% of the share capital of Artio Global Investors Inc. and a 50.1% stake in SVG Advisers (SVGA).
Aberdeen announces the completion of the acquisition of Scottish Widows Investment Partnership.
We acquired SVG Capial PLC's stake in our joint venture vehicle, Aberdeen SVG Private Equity Managers Limited (Aberdeen SVG Private Equity). We also acquired FLAG Capital Management, LLC (FLAG) and Advance Emerging Capital (AEC) to boost global alternatives capability.
We acquired Arden Asset Management LLC, a provider of hedge fund solutions with offices in New York and London, and Parmenion to accelerate our digital ambitions and to augment our Investment Solutions business.