Asset Management

Aberdeen Standard takes stake in Spencer’s Singapore insurer

Scottish fund manager makes play for Asian growth with 5% stake in digital disruptor

Martin Gilbert, co-CEO of Aberdeen Standard Investments
Martin Gilbert, co-CEO of Aberdeen Standard Investments Photo: Aberdeen Standard Investments

Aberdeen Standard Investments is investing $13m in a new insurer in Singapore, coming in as a minority shareholder behind Michael Spencer’s IPGL investment company.

The Scottish fund manager is acquiring a roughly 5% stake in Singapore Life, it said in a statement on January 15.

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