One of the world’s largest investment companies is formed following the merger of Standard Life and Aberdeen Asset Management. Co-chief executive Keith Skeoch says the new business will focus on improving boardroom standards.
The newly formed Standard Life Aberdeen aims to push for better corporate governance.
Co-chief executive Keith Skeoch said that asset managers have a "big responsibility" to hold boards to account. "Trust among investors can also be rebuilt through asset managers’ role in supporting economic activity," Skeoch told the Financial Times.
The new firm holds £670m in assets under administration. First announced in March, the merger has gone ahead after the Competition and Markets Authority cleared the deal two months ago.
The firms’ heads, Standard Life’s Skeoch and Aberdeen’s Martin Gilbert, become its co-chief executives. Aberd
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