UK listed company increases shareholding in Global Group

Aberdeen Asset Management plc last month increased their shareholding in the Global Financial Services Group plc, acquiring 3.63% of The Global Group's shares. This acquisition increases Aberdeen Asset Management's shareholding in The Global Group from...

Aberdeen Asset Management plc last month increased their shareholding in the Global Financial Services Group plc, acquiring 3.63% of The Global Group's shares. This acquisition increases Aberdeen Asset Management's shareholding in The Global Group from 5.3% to 8.93%.

Aberdeen Asset Management, a company listed on the London Stock Exchange, is an international investment management group, which manages assets for both institutional and retail clients from offices around the world.

The company holds £26.63 billion (Lm16.73 billion) funds under management and advice. The Global Group provides back office administration services to Aberdeen and is the exclusive representative of Aberdeen funds in Malta.

In addition, Gary R. Marshall, a member of Aberdeen's executive committee, who heads up Aberdeen's sales and marketing operations, is an non-executive director on The Global Group's board of directors.

Global Group CEO Nicholas Portelli stated: "We believe this is a significant show of confidence in The Global Group by a top fund management company. Aberdeen have stated that they are encouraged by developments in Malta and the positive results achieved by The Global Group."

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