Scotland has a great tradition of money management. Aberdeen Asset Management [http://www.aberdeen-asset.com/] is a member of the FTSE-100, and a relatively new company being formed in 1983. By strategic acquisitions over the years, some famous names have been absorbed into Aberdeen Asset Management:
UK and US institutional businesses of Deutsche Asset Management.
Edinburgh Fund Managers
Murray Johnstone
Prolific Financial Management
Parts of Credit Suisse Asset Management
Goodman Property Investors
Scottish Widows Investment Partners
Today, Aberdeen Asset Management has £324.5 billion under management. To put that into context, that equates 21% of the annual UK GDP.
What is interesting is seeing who some of the largest shareholders in Aberdeen Asset Management are:
Mitsubishi UFJ Trust and Banking Corporation with 18% of the stock.
The Capital Group Companies with 3% of the stock.
A major player in the fund management business looking after the savings and investments of retail and institutional investors.
What is incredible is that the stock yields over 3.5%.