• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Finance

Standard Life Aberdeen Joins Hands with Preservation Capital Partners in £102 Million Deal

The deal comes as a reset point for the business, taking the asset manager to a new direction

The Global Economics by The Global Economics
March 10, 2021
in Finance, Trending
Reading Time: 1 min read
0
Standard Life Aberdeen Joins Hands with Preservation Capital Partners in £102 Million Deal

Standard Life Aberdeen Joins Hands with Preservation Capital Partners in £102 Million Deal

78
SHARES
2.1k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

Standard Life Aberdeen has traded its financial advisory business Parmenion Capital Partners LLP in a £102 million deal to private equity group Preservation Capital Partners. 

The announcement for the deal came after Parmenion Chief Executive Stephen Bird’s statement of making a shift in the investment strategy and refocus through disposals. 

In a statement, Bird said that the deal shows the company to simply operations and configure its business and investment around the growth vectors (investment, personal, adviser). 

The attempts to gear up with a new strategy will happen later this year to return the business to sustainability in dividends and reassess revenue and earnings growth. The new approach involves prioritizing on its biggest adviser platforms named Elevate and Wrap that administer assets worth £62 billion. 

In November 2020, Standard Life Aberdeen had put up Parmenion for sale, which manages £8 billion in assets on the behalf of around 2,500 advisors with over 68,000 clients. 

Aberdeen Asset Management made the acquisition for Parmenion for £50 million in November 2017 under CEO Martin Gilbert’s leadership. The sale came after Standard Life Aberdeen’s announcement of full-year results on March 9.

Tags: Aberdeen Asset ManagementParmenion Capital Partners LLPStandard Life Aberdeen
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

UK Banks Announce Closure of 36 More Branches
Banking

UK Banks Announce Closure of 36 More Branches

by Rahil Adnan
September 22, 2023
Bracing for another wave of layoffs: Citigroup plans job cuts as a part of restructuring
Finance

Bracing for another wave of layoffs: Citigroup plans job cuts as a part of restructuring

by Riya Thomas
September 15, 2023
Middle East’s Fintech & Digital Sukuk to Spearhead the Growth of Islamic Finance
Finance

Middle East’s Fintech & Digital Sukuk to Spearhead the Growth of Islamic Finance 

by The Global Economics
September 14, 2023
What Does the $3 Billion Bailout Aid From IMF Mean for Pakistan
Economy

What Does the $3 Billion Bailout Aid From IMF Mean for Pakistan

by The Global Economics
July 14, 2023
White House Touts ‘Bidenomics’ as the New Mantra for American Revival
Trending

White House Touts ‘Bidenomics’ as the New Mantra for American Revival

by The Global Economics
June 29, 2023
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

UK Banks Announce Closure of 36 More Branches

UK Banks Announce Closure of 36 More Branches

September 22, 2023
Indonesian Parliament Approves $216 Billion State Budget

Indonesian Parliament Approves $216 Billion State Budget

September 21, 2023
Changing Geopolitics of Azerbaijan & Armenia and Its Effects on the World Economy

Changing Geopolitics of Azerbaijan & Armenia and Its Effects on the World Economy

September 20, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version