Business

Schroders overtakes Standard Life Aberdeen

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Schroders overtakes Standard Life Aberdeen to become UK’s largest listed asset manager

By Daily Mail City & Finance Reporter

Published: | Updated:

Schroders has overtaken Standard Life Aberdeen to become the UK’s largest listed asset manager. 

The business was looking after almost £526billion of investors’ cash at the end of June – which is a record, and a rise of 5 per cent from the end of December. 

In the fast lane: The business was looking after almost £526billion of investors' cash at the end of June – which is a record

In the fast lane: The business was looking after almost £526billion of investors’ cash at the end of June – which is a record

Standard Life Aberdeen (SLA), in contrast, was overseeing £490billion at the end of April. 

Schroders boss Peter Harrison said the first-half results were ‘particularly resilient’ given the ‘extraordinary period of market volatility and continuing social and economic uncertainty’ because of the coronavirus pandemic.

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source: dailymail.co.uk