| Type | Public (LSE: ADN) |
|---|---|
| Industry | Investment Management |
| Founded | 1983 |
| Headquarters | Aberdeen, Scotland, UK |
| Key people | Roger Cornick, Chairman Martin Gilbert, CEO Hugh Young, Head of Equities |
| Products | Equities, Fixed Income and Property asset classes |
| Revenue | £638.2 million (2010)[1] |
| Operating income | £137.5 million (2010)[1] |
| Net income | £107.3 million (2010)[1] |
| Employees | 1,827 |
| Website | www.aberdeen-asset.com |
Aberdeen Asset Management plc (LSE: ADN) is an international investment management group, managing assets for both institutions and private investors from offices around the world. Its head office is in Aberdeen, Scotland. The company is a constituent of the FTSE 250 Index.
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The company was established in 1983 through a management buy-out of an investment trust.[2] It was then listed on the London Stock Exchange in 1991.[2] In recent years, it has seen significant growth from acquisitions. In 2000 it acquired Murray Johnstone, followed by Edinburgh Fund Managers in 2003, parts of Deutsche Asset Management in 2005 and 2007,[3][4] Glasgow Investment Managers in 2007, Goodman Property Investors in 2008, certain investment businesses of Credit Suisse Asset Management in 2009, and certain contracts and assets from RBS Asset Management in 2010.[2]
The Company sponsored The Boat Race between 1999 and 2001.[5] In 2010 it signed a four year sponsorship agreement with the Dad Vail Regatta to be title sponsor until 2013, the event’s 75th Anniversary. The agreement has helped to keep the famous college rowing regatta in Philadelphia, the Group's North American headquarters.[6] Other sponsorships include the Aberdeen Brunei Senior Masters Golf Tournament,[7] Edinburgh Rugby club[8] and professional golfers Colin Montgomerie and Paul Lawrie.[9]
The company operates mainly in the United Kingdom but has a growing presence worldwide, particularly Asia, Oceania and the Americas, with over 1,800 staff, across 40 offices in 24 countries. Its headquarters are in the city of Aberdeen, where Group functions including legal, group information and human resources are located, and has its major investment desks in London, Philadelphia and Singapore.
As of 30 September 2011, it had funds under management of £169,879.1 billion (US$264,637.1 billion, €197,238.1 billion).