Staff
Aberdeen Asset Management has completed its acquisition of Artio Global Investors for US$179.7 million.
The deal will expand Aberdeen’s U.S. business, deepen its distribution network in the region and add to its existing fixed income capabilities.
“This acquisition is in line with Aberdeen’s strategy of undertaking infill acquisitions that will assist with growing our business organically,” says Aberdeen’s CEO, Martin Gilbert. “We believe this will benefit our North American business, a region we view as a key growth market for Aberdeen.
Artio managed $10.6 billion of assets, which comprised $9.2 billion in fixed income and $1.4 billion in international equities.