Standard Life/Aberdeen reveal post-merger name and board; expect 800 job cuts over three years

Board changes, staffing and branding

Standard Life and Aberdeen Asset Management have revealed further details of their planned merger, including the group name following completion, board make-up and the changes to staffing that will follow.

In a statement, the two groups have unveiled plans to rename the business post-merger to Standard Life Aberdeen plc, while the two businesses will be brought together into a single investment sub-group, subject to approvals. The combined group will be headquartered in Scotland and continue to have offices around the world. If the sub-group is established, the intermediate holding company will be named Aberdeen Standard Life Investments Limited. Subject to regulatory approvals, the merger is expected to complete on or around 14 August 2017. Aberdeen and Standard Life first announc...