Aberdeen Asset Management's CEO Martin Gilbert has refreshed his pension by selling a chunk of shares held in his firm.
Gilbert has sold 300,000 shares from his pension fund at 257p per share equating to £771,000. The proceeds re-invested in Aberdeen's managed funds in a bid to diversify his portfolio.
Following the disposal Gilbert's stake in the company stands at around 6.8 million shares.
Assets rose from £173.9 billion on 31 December 2011 to £184.4 billion on 29 February. Net inflows stood at £1.4 billion for the period with inflows into higher margin products adding £20 million in annual revenues.
Shares in Aberdeen closed last night on 259.1p, around 6p below their 52-week high.