EquitiLink sold to Aberdeen for $80 million

Aberdeen enters the Australian institutional market and boosts its presence in Asian fixed income investments.

UK-based Aberdeen Asset Management has purchased EquitiLink, an Australian fund manager, for $80 million, in a bid to extend its reach in the Australasian region. The acquisition has catapulted Aberdeens negligible Asian fixed income portfolio of just under $10 million to one of the most prominent in Asia, commanding now more than $1.2 billion in the Asian bond markets.

For EquitiLink, the sellout will increase the companys distribution network in Europe and the US and enhance its ability in research and analysis in a global environment. Under the deal, the Australian managers founding chairmen, Brian Sherman and Lawrence Freedman, will step down and the company will be...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222