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Aberdeen leads race over RBS unit

As rivals give up, UK fund manager is ready to buy parts of asset management division

Aberdeen Asset Management is in the final stage of talks to buy parts of Royal Bank of Scotland's asset-management division, people familiar with the matter said, after other bidders including Schroders dropped out of process for the whole division.

The sale is part of a series of planned asset disposals by the 84%-state owned bank as it crawls forward with a multi-year plan to return to profitability and regain its independence. People familiar with the matter said an announcement should be made this month and could come as soon as this week.

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