By: Jane Lewis 22/06/2018 Over 35 years, Martin Gilbert has built a small Scottish investment trust into a £660bn powerhouse. Yet the jury is still out on how successful his constant deal-making has been. Jane Lewis reports.People meeting Martin Gilbert often note how he “bursts” or “swaggers” into rooms. It’s all in keeping with his reputation as the “Scottish bulldog” who came “within a hair’s breadth of disappearing from view” when his firm, Aberdeen, was embroiled in scandal in 2002, noted the London Evening Standard in 2014. “Others have seen their careers ended, their reputations trashed for less.” But not Gilbert. After rebuilding Aberdeen from the ashes, he pulled off the deal of his life last year when he merged the firm with Standard Life to create an investment powerhouse managing £660bn, says the Financial Times. That was the 43rd deal he’d struck since taking over the running of a small Aberdeen investment trust with two colleagues in 1983. “However, the fact that he agreed a merger with no premium tells the real story.” With its cash-cow emerging-market equity business struggling, Aberdeen had suffered 15 consecutive quarters of net fund outflows. It had to get bigger or shrink further. Yet a… Read full this story
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