Standard Life Aberdeen boss defends position on Sky board

Standard Life Aberdeen’s Martin Gilbert

Standard Life Aberdeen co-chief executive Martin Gilbert has defended his role on the board of Sky amid complex merger talks for both the broadcast and his own asset manager.

At Standard Life Aberdeen’s annual general meeting yesterday, Gilbert, who is deputy chairman of Sky, said the role “isn’t as time consuming as you would think”, the Times reports, and suggested it would be wrong to leave the board while takeover discussions were still in play.

Gilbert took the decision earlier this month to temporarily forgo his position as a non-executive director at FTSE100 mining corporation Glencore, in order to help steer Sky through its merger talks.

Standard Life/Aberdeen merger: What we know so far

Gilbert has previously said he will stand down from the Sky role after any deal is finalised.

However, there are still a number of outstanding issues resulting from the merger of Aberdeen Asset Management, which Gilbert was chief executive of, and Standard Life since their merger last August.

Standard Life recently sold its life insurance business to closed book provider Phoenix. Yesterday, Standard Life Aberdeen announced it was now preparing to return £1.75bn in capital to shareholders as a result of the deal.



Introducer slammed again over ‘guaranteed’ return promises

An unregulated introducer has come under fire again for repeatedly promising “guaranteed” returns on investments. Money Marketing reported on promotions from Success Investment Group last year that “assured” returns of 10 per cent on investments in care home rooms. Since then, Money Marketing has noted at least two further promises of “guaranteed” returns on a number […]


Profile: OMGI’s Stephen Message on running £1bn at age of 25

Most people at the age of 25 have their worries in life but none of those usually concerns running a £1bn fund. Old Mutual Global Investors’ Stephen Message’s experience is different. Now in charge of the £140m Old Mutual UK Equity Income fund, Message says he has been fortunate on the path to his current […]

Hartley Pensions buys collapsed Sipp firm’s asset book

Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]

File image of people meeting in office

SJP reveals fund range shake-up

St James’s Place has announced a raft of management changes to its fund ranges. Steve Gorman of Wellington Management will be appointed lead manager for the Alternative Assets fund. Meanwhile, Ken Hsia from Investec Asset Management will take over the Continental European fund and will co-manage the Greater European Progressive fund. The Axa Framlington Managed […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment