Aberdeen issues promises on £250m Credit Suisse takeover

Group vows not to repeat errors made following 2005 Deutsche AM acquisition

Aberdeen has vowed not to repeat the mistakes it made following the 2005 acquisition of Deutsche Asset Management in its likely Credit Suisse fund takeover. The firm, led by Martin Gilbert, announced its second-largest asset transaction in its 25-year history on the final day of 2008, snapping up the bulk of Credit Suisse's Global Investors business, in an all-share deal worth up to £250m. Aberdeen's assets under management will increase by £40bn to about £150bn following the deal, which gives the company greater scale in the UK, Europe, Australia and Japan. Credit Suisse will now bec...