New Stan­dard Life Aberdeen CEO is ex-Citi ex­ec­u­tive

Arab News - - Business News -

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

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