|Type||Public limited company|
FTSE 100 Component
|Headquarters||Edinburgh, Scotland, UK|
|Sir Douglas Flint|
|Revenue||£3,609 million (2020)|
|£838 million (2020)|
|£838 million (2020)|
|AUM||£535 billion (2020)|
Number of employees
Standard Life Aberdeen plc is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. In March 2017, Standard Life reached an agreement to merge with the investment company Aberdeen Asset Management. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The company's asset management arm operates under the Aberdeen Standard Investments brand. It is the largest active asset manager in the UK, with investments in equities, multi-asset, fixed income, real estate and private markets.
In February 2021 the company announced that, following the intended disposal of its life assurance business, it was considering selling or abandoning use of the "Standard Life" name altogether. In April 2021, the company announced that it would be rebranding as Abrdn plc.
In March 2017, Standard Life reached an agreement to merge with Aberdeen Asset Management, in an all-share merger, subject to shareholder approval. It was announced that the merged company was to be named Standard Life Aberdeen. This was achieved by Standard Life being renamed Standard Life Aberdeen on 14 August 2017.
In May 2017, Standard Life acquired the loss-making AXA Portfolio Services for £31 million. This company housed AXA Elevate, the investment platform from Axa. At the time of acquisition the platform held £9.8 billion of client assets, boosting the total level of assets held on Standard Life platforms to £36.4 billion.
In October 2017, it was reported that there had been withdrawals of $10 billion from Standard Life Aberdeen's mutual funds over the prior year.
In February 2018, Standard Life Aberdeen announced its intention to sell its insurance business to Phoenix for £3.2 billion, marking a transition away from its insurance roots to asset management.
In October 2018 it was announced that Sir Gerry Grimstone will step down as chairman on 1 January 2019 and be succeeded by Sir Douglas Flint.
In February 2021 the company announced that it was considering selling or abandoning use of the "Standard Life" name altogether. In April 2021, the company announced that it would be rebranding as Abrdn plc. The new name, pronounced "Aberdeen" and developed by the branding agency Wolff Olins, was criticised as difficult to pronounce, but said by chief executive Stephen Bird to reflect a "clarity of focus".
Standard Life Aberdeen is an investment company, headquartered in Edinburgh, with operations across the globe.
The company has £578 billion assets under management, making it the UK's largest listed fund manager. It employs 1,000 investment professionals.
In the UK, Standard Life Aberdeen also owns three subsidiary businesses: Focus Solutions, a software and consultancy business, Threesixty, a services provider and Vebnet, a software and services provider.
Standard Life Aberdeen has a primary listing on the London Stock Exchange. It is also listed in a number of the Dow Jones Sustainability Indices (DJSI), including the DJSI World, which ranks the world's leading sustainability-driven publicly listed companies.