A new Investment Management Committee has been proposed by Standard Life and Aberdeen following those two companies’ respective General Meetings, which took place on 19 June, and which gave shareholder approval to the their proposed merger.
Although still subject to certain regulatory approvals, the merger is aiming for a 14 August completion date.
The new Committee is intended to ensure a unified approach to the combined investment management activities; oversee “investment process, performance, capabilities and investment talent”; and define and set the investment culture, including governance and a risk framework for the entire business.
The Committee’s members will constitute investment heads, who will be responsible for the “investment processes within their franchises given the size, scale and ambition of the combined business”.
Rod Paris, who will be chief investment officer for the combined business going forward will chair the Committee, which will also include:
|Brian Fleming||global head of Structured Solutions|
|Devan Kaloo||global head of Equities|
|Craig MacDonald||global head of Fixed Income (Credit, EMD and Aggregate Investing)|
|Andrew McCaffery||global head of Client-Driven and Multi-Manager Solutions|
|Peter McKellar||global head of Private and Infrastructure Equity|
|David Paine||global co-head of Real Estate|
|Sean Phayre||global head of Quantitative Investing|
|Mandy Pike||global head of Investment Execution|
|Guy Stern||global head of Multi-Asset and Macro Investing|
|Archie Struthers||global head of Investment Governance and Oversight|
|Pertti Vanhanen||global co-head of Real Estate|
Keith Skeoch and Martin Gilbert, co-CEOs of the combined business will have standing invitations to Committee meetings.
Other regular attendees are expected to include: Alan Coutts, global Coo, Investments, Ginny Richardson, Office of the CiO, Euan Stirling, global head of Stewardship and ESG Investing.