London Stock Exchange welcomes Aberdeen Asset Management to celebrate the 25th anniversary since listing
London Stock Exchange welcomes Aberdeen Asset Management to celebrate the 25th anniversary since listing (31 March 1991).
Aberdeen is one of the top five European pure-play, global asset managers. It is defined by its pure focus on asset management, including equities, fixed income, property and multi-asset portfolios. All Aberdeen’s investment capabilities are driven by a commitment to straightforward, transparent investment approaches that stress intensive, first-hand research and a long-term view. As at 31 March 2016 it managed assets of £292 billion on behalf of institutional and private investors located around the world.
The business was founded in the city of Aberdeen in 1983 by Martin Gilbert, Ronnie Scott Brown and George Robb. In 31 March 1991 the Company was listed on the London Stock Exchange with a market cap of £38 million and assets under management of less than £1 billion. Martin, chief executive, Andrew Laing, deputy chief executive, Hugh Young, head of investment, and Bill Rattray, finance director, have all worked for Aberdeen since the 1980s.
Through the years Aberdeen has developed through a combination of organic growth and a strategic acquisitions.
The Company appreciates its independence and management believes in believes in teamwork and values simplicity.
Martin Gilbert, chief executive of Aberdeen Asset Management, comments: “We've come a long way since listing a quarter century ago and in that time we have grown from being a small local fund manager in Scotland to become a global, full service asset management group. It has been an exciting journey for us all and I'm delighted we are gathering today to celebrate it.”