Aberdeen Asset Management is scouting for acquisitions of smaller companies but is not seeking any major acquisitions following its purchase of Scottish Widows Investment Partnership (SWIP), said the company CEO Martin Gilbert.
"We’ve got cash. We could spend if we wanted to. We could spend $100 million without affecting our regulatory capital," Martin Gilbert told Reuters.
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Aberdeen said that it is currently not considering talks regarding any acquisitions.
"There’s nothing actively on the go at the moment," Gilbert added.
Gilbert said Aberdeen was looking to expand its existing business in fixed income, property and solutions after its acquisition of SWIP.
"I don’t see any reason why we can’t grow organically," Gilbert said.
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