Aberdeen boss cashes in over £4m in shares

North-east businessman Martin Gilbert has just sold more than £4million-worth of shares in Aberdeen Asset Management (AAM), of which he is chief executive.

Mr Gilbert cashed 1million shares at 403.5p each, the Granite City-based fund manager said yesterday adding that its CEO had sold the stock for “portfolio diversification”.

AAM’s shares have almost doubled in value since the end of 2011 – boosted by strong inflows of new client money, particularly into its Asia-Pacific funds.

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