Update: Gilbert steps down as co-CEO of SLA; Skeoch assures firm is making 'good progress' despite £40bn outflows

Remains as vice chairman

Jayna Rana
clock • 5 min read

Martin Gilbert, co-chief executive officer of Standard Life Aberdeen has stepped down from the position, giving sole responsibility to Keith Skeoch, effective immediately.

In the group's results for the full year to 31 December 2018, it was announced Gilbert would become vice chairman of Standard Life Aberdeen and chairman of Aberdeen Standard Investments. Gilbert had been chief executive of Aberdeen Investments since he co-founded the company in 1983. Following the merger with Standard Life in 2017, he became co-CEO alongside Keith Skeoch. Skeoch will now be sole chief executive from today. Institutional investors call for change of leadership at SLA Chairman Sir Douglas Flint, who took over from Sir Gerry Grimstone in 2018, said: "The board has una...

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