British Ambassador to the United States, Sir Peter Westmacott, officially opened the new office of Aberdeen Asset Management Inc in New York.
Speaking at a ribbon-cutting ceremony at the new office, Ambassador Westmacott said:
Aberdeen Asset Management is a fine example of the strength and depth of Britain’s financial services industry. Throughout its journey from a small fund with $80m under management to a FTSE 100 listing and approximately $287 billion portfolio, AAM has proudly kept its base in Aberdeen, Scotland, the city where it began. This expansion into the New York market is a tremendously exciting time for the company and I wish everyone concerned the best of luck.
The UK is one of the largest markets in the world for fund management along with the US and Japan. Of the £4.8 trillion worth of assets managed in the UK, £1.6 trillion are managed on behalf of overseas clients. Learn more ›