An insight into Standard Life Aberdeen’s young Abu Dhabi office
By Mark Battersby, 7 Mar 18
One of the youngest international offices in the merged Standard Life Aberdeen Group was set up by Aberdeen Asset Management in late 2016, before two businesses combined.
Turning to the regulatory landscape in the UAE, there’s been a bit of a shake-up. What your view of the latest SCA regulations is and can you can tell me how many of the funds you have registered with the SCA now?
We have ten funds registered with the SCA. What they have been trying to achieve through the regulations are very positive for the underlying investors, and for the asset managers themselves, as well as the intermediaries at the banks.
One of the key changes has been that previously, it was the bank who would register the fund, whereas now, we register it.
That does mean that we are more in control of which funds are in the market, and we are forced to be more selective as to what we register, because of the cost attached to it.
