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Standard Life and Aberdeen reveal board line-up and branding post-merger

Standard Life and Aberdeen reveal board line-up and branding post-merger

Standard Life and Aberdeen Asset Management have announced the make-up of the combined company's board following the planned merger and has revealed that the new entity will be called Standard Life Aberdeen.

In a stock exchange announcement, Standard Life revealed the full line-up of the board after the merger, which was originally announced in March. 

Upon completion of the deal, Sir Gerry Grimstone will be remain as chairman of the board, with Simon Troughton taking up the role of deputy chairman.

Meanwhile, Colin Clark, global client director, Barry O'Dwyer, CEO Pensions and Savings, and CFO Luke Savage, will be stepping down from the board of Standard Life.

Here is the confirmed executive committee in full:

• Co-chief executives: Keith Skeoch and Martin Gilbert

• Chief financial officer: Bill Rattray

• Chief investment officer: Rod Paris

• Chief People Officer: Kerry Christie

• CEO, pensions and savings: Barry O’Dwyer

• Joint head of integration: Andrew Laing

• Chief perations officer and joint head of integration: Colin Walklin

In addition, Julie Chakraverty, Gerhard Fusenig, Richard Mully, Akira Suziki and Jutta af Rosenborg will become non-executive directors, while Pierre Danon and Noel Harwerth will resign from their non-executive director roles.

This will mean that the board will comprise the chairman, four executive directors and eleven non-executive directors.

In further details, the combined group's asset management committee will be as below, with Aberdeen's Campbell Fleming grabbing the top distribution job, while Hugh Young will head Asia.

The asset management committee in full:

• Co-chief executives: Keith Skeoch and Martin Gilbert

• Chief investment officer: Rod Paris

• Chief people officer: Kerry Christie

• Chief financial officer: Sean Fitzgerald

• Head of Americas: Bev Hendry

• Head of distribution investments: Campbell Fleming

• Head of technology: Jonathan Kennedy

• Head of EMEA: Gary Marshall

• Head of product development: Robert McKillop

• Head of execution: Mandy Pike

• Head of operations: Mike Tumilty

• Chief marketing officer: Nuala Walsh

• Head of Asia: Hugh Young

Grimstone said: ‘Today's announcement is another important step towards completing the proposed merger between Standard Life and Aberdeen Asset Management. 

‘The directors on both boards have extensive global experience and have provided effective stewardship to grow each organisation.  We have been able to create a diverse board which will have a strong blend of appropriate skills and knowledge.  Together we will effectively oversee the successful delivery of the merger process and the future growth of the combined group.’

This brings greater clarity to what the combined businesses will look like. An earlier announcement in March had already stated that the co-CEO roles will be held by Aberdeen chief Martin Gilbert (pictured left) and Standard Life chief Keith Skeoch (right).

 

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