Standard Life and Aberdeen Asset Management have announced the investment management committee for the combined investment management business with Rod Paris, chief investment officer, appointed as chair.
The announcement follows shareholder approval for the proposed merger on 19 June.
Members of the IMC will be hold “broad leadership responsibility for asset classes” with the role of the committee to provide a unified approach to the combined investment management activities; oversee investment capabilities and define the investment governance and risk framework.
Keith Skeoch and Martin Gilbert, co-CEOs of the combined business, will regularly attend IMC meetings, as well as global COO investments Alan Coutts, office of the CIO Ginny Richardson and global head of stewardship and ESG investing Euan Stirling.
Paris says: “To create a world-class investment company, the investment team must be at the heart of our business. The combined IMC will play a vital role in achieving this. The combined businesses have strong, complementary investment capabilities that will deliver greater investment insight and more choice for clients and customers.
“Together we will be broader and more diverse, respecting different investment philosophies and processes, incorporating the best talent and capabilities from both firms. By combining our capabilities across equities, fixed income, multi-asset and solutions, real estate, private markets and hedge funds, we are creating a world-class investment company, with over 1,000 investment professionals and a truly global perspective.”
The proposed merger is set to complete on 14 August 2017, subject to regulatory approval.