SWIP equity team exits as Aberdeen migrates £2.9bn of assets

Aberdeen said it had transferred across £2.9bn of assets, of which £2.2bn is invested in pan-European portfolios and £600m in global equity portfolios, with the remainder in portfolios across the Americas. It is understood the equity team that ran the portfolios at SWIP has left the combined business, following senior management figures including Will Low - global head of equities - who have already left. The migration of the assets will swell Aberdeen's active equities business, which in total already runs £104.4bn. The former SWIP portfolios will be managed by the respective glob...