Aberdeen Asset Management plc is a UK-based investment management company which is listed on the London Stock Exchange. It has two parts: Aberdeen Standard Investments, which manages about 91% of ABRDN’s assets, and the Investment Trusts business unit, which manages about 8%. Each business is run from its own office.

As at 31 March 2017, the company had 1.3 billion pounds invested in it (2% of its total assets). The manager of Aberdeen Standard Investments was “Sir David Murray”, who stepped down as CEO and Chairman to become a non-executive Director in May 2015 as part of an agreement to sell his 5% stake to another shareholder group. After the sale “Martin Gilbert”, who had run the company since 2000, became CEO.

According to a recent study by the Boston Consulting Group, Aberdeen’s core business is running, or has run, 52 Collective Investment Schemes (CIS) and 144 unit-linked products.

In June 2006, Aberdeen announced that it had agreed to sell its STA Global Recovery Fund for £71.3 million to Bradford & Bingley plc (now part of Lloyds Banking Group). This was a fund that was created in 2002 with the aim of investing in foreign markets including Brazil and Greece, but the aim was abandoned when market conditions deteriorated.

Aberdeen is registered in Scotland. It has a large office in Aberdeen, on Queens Road near the city centre. The company also has a large office in London and other offices throughout the United Kingdom (located at Glasgow, Inverness, Edinburgh and Cardiff). In 2016, Aberdeen transferred its Dublin-based staff to its new office in Belfast.

Aberdeen Asset Management’s predecessor was established in 1907 as the Scottish Colonial Investment Trust (“SCIT”). SCIT was formed to invest in Australia and Africa. The Trust became one of the first investment trusts to be listed on the London Stock Exchange. By 1909 SCIT had started trading on the Australian stock exchange through an investment branches in Sydney and Melbourne.

Read more on The Wall Street Journal: https://www.wsj.com/market-data/quotes/uk/xlon/ABDN