Martin Gilbert in feud with company over AssetCo shares - reports

Aberdeen Standard 'voted against re-election'

Sophie King
clock • 1 min read
Martin Gilbert stood down as Standard Life Aberdeen CEO in 2019

Martin Gilbert stood down as Standard Life Aberdeen CEO in 2019

Former Aberdeen Standard Investments (ASI) co-chief executive Martin Gilbert is reportedly in a feud with his former employer over his stake in AssetCo.

According to Sky News, ASI used Gilbert's own stake in AssetCo to vote against his re-election to the ASI board. The company is principally involved in the provision of management and resources to the fire and emergency services in the Middle East. ASI voted Gilbert's 9.9% stake against his re-election as chairman, as well as voting the shares against plans for a bonus and share award scheme, which Gilbert could have benefited from if AssetCo successfully repositioned itself as a fund management roll-up venture. According to City sources, ASI's votes were amended at the final hour ahe...

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