Private equity chief to chair Standard Life - papers 1st March

Grimstone will retain his position as chairman at private equity firm Candover Investments, when he takes over from Sir Brian at Standard Life’s Annual General Meeting on May 29. It was widely expected Sir Brian would step down as chairman as he has held a role he has held since July 2003, within a year of Standard Life's demutualisation and its £4.7bn flotation. STAYING WITH PRIVATE EQUITY, industry leaders are said to be calling for an engagement with the public to explain how buyouts of public companies benefit the economy, reports the Guardian. Aside from the pressure private equit...