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Aberdeen in corporate shake-up

Aberdeen Asset Management has revealed plans to restructure its board which will see the size of the board reduced from the current 18 to 11 and the creation of a separate executive management committee.

Effective immediately, the seven strong committee will be established and led by chief executive Martin Gilbert. It will assume responsibility for running Aberdeen&#39s asset management business.

Two members of the committee, Gilbert and finance director Bill Rattay, will remain members of the board.

Six other members of the board, Katherine Garrett-Cox, Andrew Laing, Bev Hendry, Gary Marshall, Iain Reid and Hugh Young are resigning immediately and all but Reid will join the committee.

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