ASI doubles customer base gained through Virgin Money deal

Joint venture planned

Laura Dew
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ASI takes over the management of Virgin Money's £3.7bn retail assets
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ASI takes over the management of Virgin Money's £3.7bn retail assets

Aberdeen Standard Investments' (ASI) joint venture with Virgin Money will give the investment firm access to six million new customers - double the number originally expected - thanks to the latter being acquired by independent banking group CYBG.

The agreement between Virgin Money and ASI was first announced in March 2018 and will see ASI take over the management of Virgin Money's £3.7bn retail assets (as of June 2018), while also taking a ...

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