Aberdeen Asset Management Targets Global Growth With Acquisition

Amisha Mehta

28 May 2015

strengthens further our private market capability by bringing additional Asian expertise and new US resource. This will also benefit our overall pan-alternatives platform. Secondly, Flag deepens and expands our US client base, which is a key growth market for Aberdeen,” said Gilbert.

Details of the deal were not disclosed.

Earlier this month, Aberdeen Asset Management reported a 25 per cent year-on-year rise in underlying pre-tax profit to £270.2 million ($408.7 million) over the six months to the end of March 2015.