Standard Life and Aberdeen Asset Management have outlined clear-cut responsibilities for co-CEOs Keith Skeoch and Martin Gilbert, which they will assume when the two firms merge, as a number of investors have questioned how the co-management structure will work in practice.
The two firms announced plans to create a 'supergroup' running some £660bn in assets earlier this month, with the two chief executives of the existing businesses set to become co-CEOs. However, many market participants have questioned the feasibility of this management structure, despite initially seeing the merger as a broadly positive development for the two firms. In a statement, the two groups have now revealed how the co-management structure will work in practice. Skeoch (pictured, left) and Gilbert (pictured, right) will share responsibility for core aspects of the role, such...
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