The merger between Aberdeen Asset Management PLC and Standard Life plc is finalized today to give rise to Standard Life Aberdeen plc, one of the largest global investment companies, with assets under management of €737 billion. The deal between the two companies was announced on March 6, 2017.
The merger leverages the complementary strengths of Standard Life and Aberdeen's investment and savings expertise, creating a group with recognized brands, strong institutional and wholesale distribution businesses and access to strategic global partnerships. By combining the strong balance sheets of the two companies, the group will have greater opportunities to invest for growth and to innovate.
The group's asset management arm, Aberdeen Standard Investments, manages €641bn. This new entity will maintain its longstanding commitment to active management, with a culture and approach to investing, underpinned by fundamental research. It is one of the major managers active in Europe, able to offer its clients a complete range of solutions in the Emerging Market equity and bond, multi-asset, real estate and alternative investments fields. Overall, the firm will have more than 1.000 investment professionals around the world.
The pension and savings business, Standard Life, has 4,5 million customers and is primarily based in the UK, with operations in Ireland and Germany. The business boasts a primary position in the market through a multi-year commitment to supporting the needs of companies and their employees. Overall Standard Life Aberdeen will have offices in 50 cities worldwide, with clients in 80 countries. It has a market capitalization of over €12,1 billion.
