Aberdeen Asset Management and Standard Life propose £11bn merger

Standard Life and Aberdeen Asset Management have announced the terms of a £11bn merger. The deal will create the UK’s largest and Europe’s second largest active asset manager with 50 distribution locations, clients in over 80 countries and £660bn of assets under administration. The combined company’s board and executive management team will draw equally from each company, with Keith Skeoch and Martin Gilbert becoming joint CEOs.

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