Aberdeen Asset Management Plc (ADN.L) announced the completion of its acquisition of certain assets and contracts from RBS and entered into the long-term distribution agreement with RBS Wealth Management.
Also, the company paid consideration of £84.7 million for assets under management of £13.5 billion, as at 30 September 2009, comprising an established, award-winning funds of hedge funds business, a long-only multi-manager business and certain private equity and real estate funds of funds.
Further, Aberdeen noted that the management and staff of the acquired business would transfer to Aberdeen's offices in mid-February.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.