LONDON (Thomson Financial) - Aberdeen Asset Management Plc. said it has
identified 57 million pounds of annualised cost savings as part of its strategy
to increase the efficiency of its business.
The company said, despite the volatile market conditions, it has continued
to win new business across its core asset classes and increase the assets under
management.
It remains well positioned to make further progress even as it warned that
the equity, bond and property markets in which it operates are likely to be
volatile in the near future.
Aberdeen said it has identified 27 million pounds of annualised savings
within its fund management division and 30 million pounds in its property
division.
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