Franklin Templeton Investments has hired Aberdeen Asset Management’s head of UK distribution to be its UK country head.
Martyn Gilbey (pictured) will be based at the firm’s London office, where he will be charged with leading the business’ development in the retail and institutional businesses in the UK and offshore territories.
Gilbey replaces Ian Wilkins who left the firm in December 2016 and will report to managing director of Europe, the Middle East and Africa (EMEA) and India Vivek Kudva.
Prior to working at Aberdeen, Gilbey worked for Scottish Widows Investment Partnership as head of wholesale distribution. Before that, he worked at Mirae Asset Global Investment, where he had the role of global chief marketing officer—based in both Hong Kong and London.
‘With over 24 years of financial services experience, 18 of which have been in investment management specifically, Martyn brings a wealth of expertise to grow our retail and institutional presence,’ said Kudva.
‘I look forward to welcoming Martyn on board and working closely with him on further expanding our business in the UK market.’
The departure comes a little over a week after Standard Life and Aberdeen revealed further details of their merger including the board structure.
The merger will cost around £320 million in integration expenses, mainly to cover the cost of 800 staff redundancies, the companies, which will operate under the Standard Life Aberdeen brand, said.
Gilbey's exit also follows the unveiling of an Integration Award Plan (IAP) by Standard Life, which aims to keep top talent.