As confirmed by the Royal Bank of Scotland, the facility has agreed to sell its non-core asset management businesses to Aberdeen, the fund company, as the bank looks to recover from a bad financial crisis.

Under the terms of the deal, Aberdeen Asset Management will be paying a total of 84.7 Million Pounds ($135 Million) to take over the assets of hedge fund and multi-management units from the bank which is currently 84% Government owned.

"This transaction represents another step in our plan to restructure RBS around its core customer franchises", Chief Financial Officer Bruce Van Saun said.

Currently, RBS is also looking for potential buyers for its 51% stake in RBS Sempra, the commodities joint venture, and together the 49% partner Sempra Energy, has received offers from a trio of banks worth a whopping $4 Billion, if sources' information is to be believed.

With the deal, Aberdeen is acquiring 13.5 Billion Pounds ($21.53 Billion) worth of assets, and a spokesman has shared that the 65-strong RBS staff at the units would be kept intact.