In a stock exchange announcement today, the asset manager said that the final deferred top-up payment to Lloyds had been reduced from £39.4m as announced on 1 April 2014, to £38.3 to reflect the completion of the infrastructure acquisition.
Gershon Cohen heads the team that oversees the £1.3bn in funds under management of the infrastructure business.
Earlier in March, the Financial Conduct Authority granted approval to the deal. First speculations about a take-over were making the rounds in September last year when serial acquisitor Martin Gilbert, Aberdeen Asset Management’s chief executive, was said to be taking a look at SWIP, the investment arm of Lloyds Banking Group.
