We’re delighted to confirm that the merger between Standard Life and Aberdeen Asset Management formally completed this morning. The successful conclusion of this transaction marks the start of an exciting journey for Standard Life Aberdeen plc towards our shared ambition of creating a pre-eminent, world-class investment company that will continue to be headquartered in Scotland. Our clear focus is on growing the new business and building a global investment company for the long term. We view our diverse and hugely talented workforce as absolutely crucial to ensuring we are successful in achieving this aim.
Together, we become one of the world’s largest investment companies, Standard Life Aberdeen plc; a FTSE 100 and Fortune Global 500 company managing, administering and advising on £670 billion* of assets on behalf of clients and customers globally. Through our Aberdeen Standard Investments and Standard Life businesses, we aim to deliver long-term value for our clients, customers and shareholders. Aberdeen Standard Investments immediately becomes one of the largest active fund managers in Europe, offering clients access to a comprehensive range of developed and emerging market equities, multi-asset, fixed income, real estate and alternatives solutions. Our pensions & savings business enjoys an industry leading position in the UK providing high-quality pensions and savings solutions to around 4.5 million customers, who rely on us to help them manage their money today and save for the future.
Throughout this process, our integration teams have worked hard to ensure that there will be a smooth transition to a new combined operating model. We have a strong management team in place across the business which is committed to ensuring continuity whilst delivering on the opportunities the merger provides.
As a valued stakeholder we will endeavour to keep you updated as the integration work continues. In the meantime, more information is available at www.StandardLifeAberdeen.com