Following the merger of the two groups, the Standard Life CEO and Aberdeen Asset Management’s Chief Executive will share the role of CEO of the new firm. How will it affect Asia?
According to a regulatory filing Keith Skeoch of Standard Life and Aberdeen's Martin Gilbert will be co-CEOs, sharing responsibility for the executive committee, the combined group’s strategy and objectives and overseeing operational performance and strategic direction and the post-merger integration programme.
Other responsibilities have been split, with Skeoch accountable for the day-to-day running of the business and investments, pensions and savings.
India and China
Skeoch will also oversee the India and China insurance joint ventures, operations, finance, HR, risk and regulatory culture, as well as the legal and secretariat functions.
Martin Gilbert will be responsible for external matters, such as international activities, distribution, business development, marketing and corporate development. We can expect therefore to see Gilbert on regular trips to Asia.
A chairman’s committee is also being set up to oversee the businesses post merger, chaired by Sir Gerry Grimstone, with Simon Troughton (deputy chairman of the Combined Group), Keith Skeoch and Martin Gilbert as its other members.
