New Standard Life Aberdeen CEO is ex-Citi executive
Standard Life Aberdeen (SLA) Chief Executive Keith Skeoch will step down after five years at the helm and be replaced by former Citi executive Stephen Bird, the British asset manager said on Tuesday.
The announcement marks the end of a 14-year career as an SLA director for Skeoch, during which he oversaw the 2017 merger of Standard Life and Aberdeen Asset Management to create one of Britain’s biggest fund managers.
His period as CEO, a job he originally shared with former Aberdeen chief Martin Gilbert, has not always been smooth. Heavy underperformance in the year after the merger drew criticism. Chairman Douglas Flint looked to respond to quickly last year, ditching the co-CEO structure and ultimately paving the way for Gilbert to leave the firm. Reuters