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Our History

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.

Here are some highlights of our journey so far ...

1983: Aberdeen Asset Management began when a group of investors, including our current Chief Executive Martin Gilbert, bought out a £50 million investment trust in Aberdeen.

1991: 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.

1997: We acquired Prolific Financial Management from Scottish Provident, which made us a UK top-10 unit trust manager.

2000: We branched out into direct property, forming Aberdeen Property Investors through our acquisition of Barclays Property investment (UK) and Celexa.

In 2000, we purchased Murray Johnstone (UK), an international equities and bonds managers, and Equitilink, an Australian manager of domestic assets and US closed-end funds.

2003: 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.

2005: We acquired the UK and US institutional businesses of Deutsche Asset Management.

2007: 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 für Immobilienfonds mbH, which manages around £4.6 billion of assets in property funds.

2008: We strengthened our position in the UK, acquiring Goodman Property Investors, and announced our business alliance with Mitsubishi UFJ Trust and Banking Corporations, Japan.

2009: We completed our acquisition of asset management company Credit Suisse, which we had begun in 2008.

2010: Closer to home, we acquired assets and contracts from RBS Asset Management and RBS Asset Management Holdings.

2012: Aberdeen Asset Management PLC joins the FTSE 100 for the first time.

2013: 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.

 
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