Former Aberdeen Standard Investments (ASI) co-chief executive Martin Gilbert is reportedly in a feud with his former employer over his stake in AssetCo.
According to Sky News, ASI used Gilbert's own stake in AssetCo to vote against his re-election to the ASI board. The company is principally involved in the provision of management and resources to the fire and emergency services in the Middle East. ASI voted Gilbert's 9.9% stake against his re-election as chairman, as well as voting the shares against plans for a bonus and share award scheme, which Gilbert could have benefited from if AssetCo successfully repositioned itself as a fund management roll-up venture. According to City sources, ASI's votes were amended at the final hour ahe...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
