Ex-Aberdeen Standard co-founder Martin Gilbert in feud with company over AssetCo shares - reports

Left SLA in 2020

Sophie King
clock • 2 min read

Former Aberdeen Standard Investments (ASI) co-chief executive Martin Gilbert is reportedly in a feud with his former employer over his stake in AssetCo.

According to Sky News, ASI used Gilbert's (pictured) own stake in AssetCo to vote against his re-election to the ASI board. The company is principally involved in the provision of management and resources to the fire and emergency services in the Middle East. ASI voted Gilbert's 9.9% stake against his re-election as chairman, as well as voting the shares against plans for a bonus and share award scheme, which Gilbert could have benefited from if AssetCo successfully repositioned itself as a fund management roll-up venture. According to City sources, ASI's votes were amended at the fin...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

What have the UK's smaller companies ever done for us?

What have the UK's smaller companies ever done for us?

'Those that know where to look can unearth highly attractive opportunities'

Professional Adviser
clock 21 October 2024 • 4 min read
The top ten recommended MPS investments in 2024 so far

The top ten recommended MPS investments in 2024 so far

MPS expansion ‘has and will undoubtedly continue’, Defaqto insight manager says

Jen Frost
clock 16 October 2024 • 2 min read
Record inflows at Tatton drive AUM to £20bn

Record inflows at Tatton drive AUM to £20bn

Net inflows averaged £305m per month

Beth Brearley
clock 15 October 2024 • 2 min read