News & Analysis: Strategies, Products & Mandates - Aberdeen's 'quantum leap' earns Deutsche client base.(Aberdeen Asset Management; Deutsche Bank)

Financial Times Mandate, July, 2005

Aberdeen Asset Management is likely to keep most of Deutsche Bank's institutional clients in the UK once its acquisition deal is completed. The agreement between the two firms involves Aberdeen buying Deutsche's institutional equity, fixed income, global equity, multi-assets and DWS retail business in the UK, and its Philadelphia-based active fixed income business. The deal, subject to regulatory approval, is valued at GBP265m (E385m). Client assets in the targeted businesses are believed to account for GBP46.3bn.

"In the UK they are buying businesses, and in doing so the mandates will automatically go with the company," says Simon Eccles-Williams, managing director at Hawkpoint, the corporate finance advisory firm that worked with Deutsche during the process...

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