FUND manager Aberdeen Asset Management has been promoted to the FTSE-100.
It completes a remarkable turnaround for the business which was worth just £40 million in 2002 but is now valued at around £2.8 billion.
Martin Gilbert, who was last night flying to Asia to tour the group's operations, said: "Aberdeen Asset Management's elevation to the FTSE-100 is credit to the hard work of our people, our fundamental approach to investing and the support of our global client base.
"By remaining focused on delivering strong long-term performance and good service to our investors we will continue to develop and grow."
Chemicals firm Croda International also joined the top listing last night.
Cairn Energy dropped out after redistributing £2.2bn to shareholders which brought its market capitalisation to £1.9bn.
Essar Energy was the other company to move down to the FTSE-250.
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