Standard Life Aberdeen to sell Parmenion in bid to 'simplify' business: reports

Lauren Mason
clock • 2 min read

Standard Life Aberdeen's CEO Stephen Bird (pictured) has said he is planning to auction off IFA platform Parmenion in an ongoing bid to simplify the business, which he took over from former CEO Keith Skeoch in September this year. The disposal of the platform, which manages £6.5bn of assets, will be managed by Natixis subsidiary Fenchurch Advisory Partners and will be formally announced to the stock exchange today, according to reports. The sale comes as part of Bird's ongoing plans to simplify SLA's structure, which he has been vocal about since taking over the firm. In a statemen...

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