Deals
Aberdeen CEO Rules Out Sale as Emerging Market Sentiment Shifts
Being Independent Is Vital to Aberdeen: CEO Gilbert
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Aberdeen Asset Management Plc Chief Executive Officer Martin Gilbert said he has “ruled” out selling the business and that sentiment toward emerging markets is starting to improve. The shares climbed.
“We don’t want to be sold,” Gilbert said in an interview on Bloomberg Television in New York on Wednesday. “It’s a great advantage being an independent asset manager. Emerging markets will come back. Asia will come back.”