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Aberdeen chief: Standard Life deal gives us chance to own distribution

In March, Aberdeen Asset Management and Standard Life shocked the asset management world when they announced the two companies would merge. 

The deal will create an asset management business with £11 billion of assets, making it the largest asset manager in the UK. 

As the two companies prepare for the merger, Aberdeen’s chief executive Martin Gilbert sat down with Citywire executive chairman Lawrence Lever to talk about what the combined company will look like.

Gilbert spoke about plans for sharing leadership with Standard Life chief executive Keith Skeoch, how the new company will grow in the US, and what names are being considered for the new entity.

Advisers are likely to be most interested in his views on Standard Life's restricted advice group 1825 though. He admitted 'one of the weaknesses' at Aberdeen was its lack of distribution, and this deal gives it the chance to expand its options. Watch this space for further developments. 

Read more on how the merger may affect 1825 here


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