SG Hiscock and abrdn distribution deal takes effect

Mike Taylor

Managing Editor/Publisher, Financial Newswire

19 April 2023

The key Australian market distribution deal between SG Hiscock and abrdn has become effective.

SG Hiscock confirmed that the distribution partnership deal was complete with the transfer of the abrdn Australian equity investment management business.

This followed on from the announcement in December last year that SG Hiscock and abrdn had entered into a strategic partnership whereby SG Hiscock would distribute abrdn’s international funds to the Australian market. The investment management of the abrdn Australian Small Companies Fund and the abrdn ex-20 Australian Equities Fund would also transfer to SG Hiscock.

Commenting on developments, SG Hiscock chief executive, Giles Croker said the response from investors had been very supportive given the clear investment synergies between the two organisations.

“Both SG Hiscock and abrdn have been committed to ensuring all clients continue to be looked after during this time,” he said. “In the short term, our focus will be on integrating the transferring staff into our business and creating a unified culture that ultimately benefits our combined investor base.”

“As part of the transition, business development, consultant relations, marketing and client service staff have now moved across to our firm, ensuring continuity of services, relationships, and knowledge,” Croker said.