It has also raised questions about how Keith Skeoch, the chief executive of Standard Life, and Martin Gilbert, the chief executive of Aberdeen, would work together as co-chief executives of the enlarged Scottish-based company. Standard Life employs more than 6,000 staff and Aberdeen, which bought the Scottish Widows fund management arm of Lloyds Banking Group three years ago, almost 3,000. “There is more than enough for both of us to do,” said Skeoch, who has been chief executive of Standard Life since 2015. Sir Gerry Grimstone, the Standard Life chairman, will chair the enlarged company. Standard Life shareholders will receive the already announced 13.35p-a-share dividend and Aberdeen’s previously announced 7.5p-a-share payout.

Source: The Guardian March 06, 2017 08:06 UTC