Contrarian Investor: Could Aberdeen/Standard Life marriage be a game-changer?

Contrarian Investor: Could Aberdeen/Standard Life marriage be a game-changer?

It was perhaps obvious that news of the recommended merger between Aberdeen Asset Management and Standard Life would spark a wave of anxiety about more job losses.

The combined entity will boast 9,000 staff, and I am sure there will be growing concern about the inevitable cull. But what does this proposed deal say about the future of asset management? The first cynical, bearish line argues this is one last hurrah: one of those late business cycle mammoth mergers (Henderson/Janus) which is all about scale - and a common enemy in the shape of rampaging passive funds.  Monster merger In this reading, Aberdeen has sought refuge from the growing market anxiety by cuddling up with the more diversified Standard Life to create a £660bn monster. Upd...

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


More on UK

The fall in sales volumes over the month was because of food stores, which fell by 1.6%.

UK retail sales slip in May as consumer confidence falls to lowest on record

Shoppers cut back on food spending

clock 24 June 2022 • 2 min read
"UK is at a crossroads"

Average global funds hold a third less in the UK than before Brexit

Brexit risks still an issue for managers

clock 23 June 2022 • 4 min read
The UK Infrastructure Bank just surpassed its one year anniversary

UK Infrastructure Bank to move away from investing through fund managers - reports

Chief executive has come under pressure

Elliot Gulliver-Needham
clock 23 June 2022 • 2 min read