• Text size      
  • Send this article to a friend
  • Print this article

Asset firm is neutral over referendum

Aberdeen Asset Management will "keep its head down" on the independence vote, chief executive Martin Gilbert has said.

By not appearing neutral "you run the risk of attracting criticism from whatever side of the equation", Mr Gilbert said.

Speaking on the sidelines of a conference in Monaco, the Aberdeen boss said he expected greater than forecast savings from its recent SWIP acquisition and a raised dividend this year, as well as seeing scope to buy back shares. He said the integration of SWIP was going well and the group was focused on "the hard bit", around front-office integration, which should be finished in the next two to three weeks. Mr Gilbert said outflows from emerging market funds had slowed in March and were now "broadly neutral". Aberdeen had no plans in the near term to look for any further acquisitions.

Loading article content

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

243005