ASI doubles customer base gained through Virgin Money deal

Joint venture planned

Laura Dew
clock
ASI take over the management of Virgin Money's £3.7bn retail assets
Image:

ASI take over the management of Virgin Money's £3.7bn retail assets

Aberdeen Standard Investments' (ASI) joint venture with Virgin Money will give the investment firm access to six million new customers, double the number originally expected, thanks to the latter being acquired by independent banking group CYBG.

The agreement between Virgin Money and ASI was first announced in March 2018 and will see ASI take over the management of Virgin Money's £3.7bn retail assets (as of June 2018), while also taking a 50%...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on People moves

Taraporevala joined SSGA in 2016

State Street Global Advisors CEO to retire

Will remain in role until successor appointed

Jenny Turton
clock 20 January 2022 • 1 min read
The move comes as part of a wider adjustment of portfolio management across strategies at the firm during 2022.

Amer Bisat takes on lead management of strategy trio as BlackRock head of EMD steps back

‘Unified approach’

James Baxter-Derrington
clock 19 January 2022 • 1 min read
Outgoing CISI CEO Simon Culhane

CISI CEO Simon Culhane steps down after almost two decades in role

Recruitment ongoing

James Baxter-Derrington
clock 19 January 2022 • 1 min read
Trustpilot