Gilbert cashes in on share rise
MARTIN Gilbert, the chief executive of Aberdeen Asset Management, has taken advantage of the recent boost to the company's share price, selling 750,000 shares, gaining the company's founder some £970,000.
AAM shares surged in the days following the news that it bought the asset management business of Credit Suisse, which led to a string of City upgrades.
After the sale, Gilbert still holds 7,869,971 shares in AAM, worth some 9.7 million based on yesterday's closing price.
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