We use cookies to help improve your online experience. Standard Life was renamed Standard Life Aberdeen on 14 August 2017. Scheme Document (English only) dated 9 May 2017. It cited the 2017 merger of Standard Life and Aberdeen Asset Management. “We see upside driven by cost synergies,” analysts wrote in a note to clients. The proposed merger between Standard Life and Aberdeen may lead to the loss of 800 jobs, according to documents released by the asset management firms on Tuesday.. Among them, Mitsubishi UFJ Financial Group Inc. had a 17 percent stake in Aberdeen, making it its largest shareholder. After the merger is completed, Standard Life Aberdeen will manage £670 billion in combined assets, making it the largest active manager in the U.K. and the second largest in Europe. The merger of Aberdeen Asset Management PLC and Standard Life plc has completed today to form Standard Life Aberdeen plc, one of the world’s largest investment companies with assets under administration of £670 billion (€737 billion, US$871 billion)*. An index fund is a pooled investment vehicle that passively seeks to replicate the returns of some market index. Standard Life Aberdeen’s merger hasn’t stemmed outflows from the giant asset manager. Aberdeen CEO Martin Gilbert said despite the company’s flailing finances, he felt no pressure, either from shareholders or from the company’s finances, to join with Standard Life. A new chairman will have his work cut out keeping the peace after the tie-up between Standard Life and Aberdeen. Shares had peaked at 448p shortly after the merger of Aberdeen Asset Management and Standard Life two years ago. While company officials have declined to comment on job losses, the deal will likely result in hundreds to thousands of layoffs, according to The Telegraph. The £11bn merger between Standard Life and Aberdeen Asset Management is complete, creating Europe’s second-biggest fund manager. Statement regarding the potential merger of Standard Life plc and Aberdeen Asset Management PLC dated 4 March 2017 Transaction documents Circular and Notice of General Meeting (English only) dated 9 May 2017 All references in this undertaking to the "Merger" shall mean the proposed all-share merger of Standard Life with Aberdeen, to be implemented by way of a scheme of arrangement (under Part 26 of the Companies Act 2006) of the entire issued and to be issued ordinary share The merger of Aberdeen Asset Management PLC and Standard Life plc has completed today to form Standard Life Aberdeen plc, one of the world’s largest investment companies with assets under administration of £670 billion (€737 billion, US$871 billion)*. Aberdeen Asset Managers Limited is registered in Scotland (SC108419) at 10 Queen’s Terrace, Aberdeen, Scotland, AB10 1YG, Standard Life Investments Limited is registered in Scotland (SC123321) at You can change your. It has frozen salaries and was reportedly mulling scaling back dividends to cut costs. Standard Life and Aberdeen Asset Management completed their £11bn merger a year ago, creating the second-largest fund manager in Europe. A merger of equals is when two firms of a similar size merge to form a single, larger company. Find out more about dividends, communications and how to manage your shareholding in Standard Life Aberdeen. The merger will create Europe's second-biggest fund manager, with £670bn under management. Standard Life Investment and Aberdeen Asset Management will make 800 job cuts once their £11bn merger deal is finalised. Aberdeen had previously considered other options for a merger, including a bid for Pioneer Global Asset Management. “A lot of people have questioned the wisdom of this relationship between these two very big personalities but it is actually very sensible to involve both in the integration of these two substantial businesses,” Liberium bank analyst Justin Bates told the Financial Times. UK Regulatory Approval for Merger dated 25 July 2017, Competition and Markets Authority announcement dated 22 June 2017, General Meeting results dated 19 June 2017, Competition and Markets Authority announcement dated 22 May 2017, Chief Executive Scotsman Article dated Monday 15 May 2017, Publication of Prospectus and Circular dated 9 May 2017, Proposed all-share merger: post-merger Co-CEO roles dated 20 March 2017, Rule 2.7 Announcement dated 6 March 2017 (PDF, 422KB), Statement regarding the potential merger of Standard Life plc and Aberdeen Asset Management PLC dated 4 March 2017, Circular and Notice of General Meeting (English only) dated 9 May 2017, Prospectus (English only) dated 9 May 2017, Scheme Document (English only) dated 9 May 2017. Mergers and acquisitions (M&A) is a general term that refers to the consolidation of companies or assets through various types of financial transactions. Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. The merger that created Standard Life Aberdeen in 2017 was meant to produce a firm capable of competing with the industry’s heavyweights. Under the proposed terms of the merger with Aberdeen, Standard Life shareholders will own approximately two thirds of the new combined group. Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. Europe's second-biggest fund manager created on the back of the tie-up Now, Standard Life Aberdeen is tasked with competing with other major asset managers, including behemoths like BlackRock and Vanguard. Although 87% of employees supported the merger, the survey also revealed what colleagues wanted most from the new organization. Standard Life and Aberdeen Asset Management completed their £11bn merger a year ago, creating the second-largest fund manager in Europe. The firms' chief executives, Martin Gilbert and Keith Skeoch, stressed the companies' lack of overlap – but declined to be drawn on potential job cuts. Martin Gilbert, one of its co-CEOs following the merger, said at the time that the goal was to amass enough assets to join the “$1 trillion club.” Mr Bird said that bar has been raised. Under the name Standard Life Aberdeen, the companies have 660 billion British pounds under management following the merger, which closed Aug. 14. Martin Gilbert, one of its co-CEOs following the merger, said at the time that the goal was to amass enough assets to … Standard Life, which was nearly twice as valuable as Aberdeen, offered stability. Standard Life Aberdeen Plc, the latest high-level departure from the asset manager that has struggled since its creation in a 2017 merger. By Staff Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. Standard Life and Aberdeen Asset Management have agreed terms for an all-share merger of the two groups. Standard Life and Aberdeen Asset Management expect to cut 800 jobs, nearly 10 percent of the firms' combined workforce, as part of a merger to create Britain's biggest listed investment manager. Both Gilbert and Standard Life CEO Keith Skeoch are now co-leading the new combined company, and combing through the company's operations to improve efficiency. Standard Life employed about 8,335 people and Aberdeen employed 2,800. Standard Life and Aberdeen Asset Management expect to cut 800 jobs, nearly 10 percent of the firms' combined workforce, as part of a merger to create Britain's biggest listed investment manager. Standard Life completes £11bn merger with Aberdeen Asset Management. 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