Aberdeen Asset Management is to issue £100m of non-voting preference shares to Mitsubishi UFJ Trust and Banking (MUTB) in order to raise money for future fund launches.
The issue of the 200m preference shares will, Aberdeen said, enable it to provide additional seed capital “for the purpose of launching […] new funds”. Additionally, shares count towards the firm's additional tier 1 capital, meaning "the existing headroom above the company's regulatory capital requirements will be protected", Aberdeen said. it added: "The company will be well placed to accommodate any future changes to applicable capital adequacy laws." Aberdeen chief executive Martin Gilbert (pictured) said: “Last year's acquisition of Scottish Widows Investment Partnership has pr...
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