Money managers under the microscope
Hearts must be pounding at Aberdeen Asset Management.
CEO Martin Gilbert has been caught out by the Icelandic ash cloud and is stuck in the United States after bestowing his largesse on an (it says here) distinguished Regatta in Aberdeen’s stateside home of Philadelphia via a four-year sponsorship deal.
The fear must be that the famously acquisitive Gilbert might not be able to hold to the firm’s recently stated freeze on M&A. The prospect of their CEO, at a loose end, prowling the attractively-priced mid-tier fund firms of the US must send a shiver down the spine at HQ.
He’s not the only one either. Robert Talbut, CIO at Royal London Asset Management, is also stranded stateside, though his deal-making instincts are undocumented.
We’d be grateful to hear of any other fund industry luminaries left ground-bound by the flotsam of shuddering tectonics. Drop me a line at email@example.com