Standard life aberdeen leader keith skeoch is going down, once the uks biggest detailed asset manager revamps its leadership after the conclusion of the merger 36 months ago.
Mr skeoch, one of many architects of the 11bn mixture of standard lifetime investments and aberdeen asset control in 2017, would be changed by stephen bird, a former administrator at united states lender citigroup.
Mr bird will take over as chief executive designate on july 1, sla stated in a declaration on tuesday. he spent 21 many years with citi, lately as mind of worldwide customer banking until he stepped down just last year.
Stephen is a totally new broom with no tribal alliances to sla's history brands, an individual near to the scenario said. mr bird was in the working to use the helm at hsbc ahead of the bank appointed noel quinn final august.
Sla appointedexecutivesearchfirm mwm asking to locate a successor to mr skeoch, 64, at the beginning of 2020.
The shake-up in top ranks employs the appointmentof douglas flint as sla chairman at the beginning of 2019. mr flint at first tackled the group's cumbersomeco-chief executivestructurethat have been shared between mr skeoch and martin gilbert following the merger. mr gilbert stepped down from their co-ceo part just last year.
Sla manages 569bn in assets.
Mr flint said mr skeoch guided the company through its transformation due to the merger with aberdeen investment management.