Standard Life Aberdeen to name Sir Douglas Flint as new chairman - reports

Replacement for Gerry Grimstone

Jayna Rana
Sir Douglas Flint stepped down as HSBC chairman in September 2017

Sir Douglas Flint stepped down as HSBC chairman in September 2017

Standard Life Aberdeen is due to announce Sir Douglas Flint as its new chairman in the coming weeks, following the announcement that current chairman Gerry Grimstone would be stepping down next year.

The group had been searching for a successor, which it planned to name next year, but finished the hunt ahead of schedule after choosing former HSBC chairman Flint, according to the FT. Flint stepped down as HSBC chairman in September 2017 after six years at the helm with former chief executive Stuart Gulliver. Prior to that, he was finance director at the bank. He found himself in the heat of the threat of a money-laundering scandal in 2011 and ill-judged acquisitions before the 2008 Global Financial Crisis but as chairman he was respected in the City for dealing with regulators. ...

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