Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Gilbert: Aberdeen has no plans to relocate Scottish HQ

Gilbert: Aberdeen has no plans to relocate Scottish HQ

Aberdeen Asset Management's chief executive has said the company has 'no plans' to move its headquarters out of Scotland if the referendum results in independence.

'We haven't planned for any changes because we're of the view there'll be plenty of time to plan after the event,' Martin Gilbert (pictured) told BBC radio's Good Morning Scotland programme.

'We've also decided as a company that we will remain neutral on the subject, because it is a decision for the Scottish people and, to a certain extent, there's quite a lot of resentment if a business leader or a company does come out and give an opinion, so I think it's very much remaining neutral on the subject and let the people decide in September and, once we know that, we will see what is needed,' he added.

'But, at the moment, we have no plans to move our headquarters out of Aberdeen - we already operate in 30 countries round the world, so one more's not going to make any difference.'

His comments contrast with Standard Life, which said it had started preparations to move from Scotland to England as a precautionary measure.

Meanwhile Dundee-based Alliance Trust has started registering companies in England amid the 'uncertainty'.  

Aberdeen's recent acquisition of Scottish Widows Investment Partnership has made it the biggest asset manager in Europe, with £324 billion assets under management.

Half-yearly results out earlier this week showed Aberdeen suffered £8.8 billion in outflows as emerging markets fell out of favour in the second half of last year.

Leave a comment
Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter