PHILADELPHIA, July 20 /PRNewswire/ -- Aberdeen Asset Management Inc. ("Aberdeen"), the U.S. offices of a global asset management firm, today announced its move into new U.S. corporate headquarters at Mellon Bank Center, 1735 Market Street, Philadelphia, Pa.
"We are delighted for all of our U.S. businesses to reside in one location," said Andrew Laing, Chief Executive. "The open architecture promotes the team approach and collaboration of investment ideas, a key tenet of the Aberdeen process which is core to our continued success."
"We are very excited that Aberdeen is expanding its U.S. corporate headquarters in Philadelphia," said Mayor Michael A. Nutter. "It is great news that, despite the economic crisis, Aberdeen is moving people and operations into Philadelphia, demonstrating once again that this city continues to be a premier place to do business in America."
Aberdeen entered into a 10-year lease agreement with 9 Penn Center Associates for two and a half contiguous floors, 31-33, totaling approximately 60,000 square feet. It will accommodate all 200 current associates with room to grow for the future.
Aberdeen is the wholly-owned U.S. subsidiary of Aberdeen Asset Management PLC, a global investment management group managing more than $138 billion of assets for both institutions and private individuals as March 31, 2009. We know global markets from the local level, drawing on more than 1,700 employees across 27 offices in 22 countries. Our mission is to deliver superior performance across asset classes in which we believe we have a sustainable competitive edge - namely, equities, fixed income and property. In the United States, our Philadelphia offices are our hub and include fixed income and U.S. equity teams that manage over $27.4 billion of domestic investments as of March 31, 2009.
For more information on the Aberdeen group, please visit the group's website at www.aberdeen-asset.com. A brief corporate film about Aberdeen Asset Management PLC may be found at www.shortaberdeenfilm.tv.
SOURCE Aberdeen Asset Management Inc.