Assets under management at Standard Life Aberdeen rose by 3% in the first quarter of 2019 to just short of £569 billion.
The boost from £551.5 billion at 31 December was helped by positive market movements partly offset by the strength of the pound.
Overall inflows of cash were boosted by £3.5 billion of assets from Virgin Money with which SLA is launching a joint venture, which is expected to be completed by the third quarter this year.
The cash position was also helped by the acquisition of Asia-based real estate manager Orion Partners, which brought in £700 million.
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The news marks a turnaround in performance for Standard Life Aberdeen which had suffered months of net outflows of client cash.
The company said that while assets managed on behalf of insurance, institutional and retail clients had all risen in the last quarter, it continued to see outflows from “a small number of strategies.”
The Edinburgh-headquartered company announced a series of board changes in March.
It was announce that Keith Skeoch would take over as sole chief executive, ending the job-share with Martin Gilbert while Stephanie Bruce from Big Four accountant PwC took over as its chief financial officer.
The announcement came ahead of SLA’s AGM today where Bruce’s appointment will be subject to election by shareholders.
