Aberdeen boss cashes in over £4m in shares

By Keith Findlay

Published: 09/02/2013

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.

For the full story, pick up a copy of today’s Press and Journal or read our digital edition now.

Purchase and read the Press and Journal online
Click on the image below for more details