Aberdeen strikes Indonesia deal, targets Dubai

Aberdeen Asset Management looks to be on an expansion drive. It has agreed to acquire an Indonesian fund house and AsianInvestor understands it has decided to set up a Dubai office. In agreeing to buy 80% of the share capital of Jakarta-based NISP Asset Management, the UK firm hopes to obtain its first local presence in Southeast Asia’s biggest economy. The deal would not only give Aberdeen a licence to operate, but also an investment team on the ground. Korean fund house Mirae …