Standard Life Aberdeen plc

Martin Gilbert will not seek re-election at Standard Life Aberdeen AGM

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Standard Life Aberdeen (LON:SLA) today announced the following change to its Board of Directors. After an outstanding career with both the Company and earlier with Aberdeen Asset Management, Martin Gilbert has advised that he will not seek re-election at the Company’s Annual General Meeting, scheduled for 12 May 2020, and with the Board’s agreement he will retire from the Company on 30 …

Standard Life Aberdeen plc

Standard Life Aberdeen plc Share Repurchase Programme

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On 15 August 2019, Standard Life Aberdeen plc (LON:SLA) entered into a non-discretionary instruction with Citigroup Global Markets Limited in relation to the purchase by Citi, acting as principal, of ordinary shares in the Company’s share capital for an aggregate consideration of no greater than £200m. The purchase of Shares will take place during the period commencing on 16 August 2019 …

Standard Life Aberdeen plc Sale of shares in HDFC Life Insurance

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Standard Life Aberdeen plc (LON: SLA) announced today that on Wednesday, 14 August 2019, SLMH06, a wholly owned subsidiary of the Company, sold 67,100,0001 shares in HDFC Life on the National Stock Exchange of India Limited and BSE Limited. The Shares were sold at an average price of Rs 480.701 which will result in SLMH06 receiving approximately Rs 32.0bn (£374m2), …

Standard Life Aberdeen PLC Well placed to deliver value & sustainable returns for shareholders

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Standard Life Aberdeen PLC (LON:SLA) today announced its Half-Year Results 2019. Building on our resilience ·    Assets under management and administration up 5% to £577.5bn with assets on our platforms up 11% to £66.0bn ·    Net outflows have reduced and remain concentrated in a small number of strategies with gross inflows well diversified ·    Improvement in investment performance with 65% (FY 2018: 50%) …

Standard Life Aberdeen plc Settlement of arbitration with Lloyds Banking Group

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Standard Life Aberdeen plc (LON:SLA) has today announced that it has agreed a final settlement with Lloyds Banking Group / Scottish Widows in relation to the arbitration proceedings between the parties concerning LBG’s attempt to terminate investment management arrangements under which assets are managed by members of the Standard Life Aberdeen group for LBG entities. In its decision of March …

Standard Life Aberdeen plc Successful outcome to arbitration

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Standard Life Aberdeen plc (LON:SLA) announced that the arbitral tribunal established in respect of the dispute between the Company and Lloyds Banking Group / Scottish Widows (“LBG”) has ruled in favour of the Company. In particular, the arbitral tribunal has ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate the investment management agreements in …

Standard Life Aberdeen Kevin Parry OBE stands down from the board

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Standard Life Aberdeen (LON:SLA) noted that Kevin Parry OBE will be appointed Chairman of Royal London Group with effect from 1 January 2019, and announces that Kevin will stand down from the Board of Standard Life Aberdeen plc on 31 December 2018. Kevin has been a non-executive director of the Company since October 2014. He serves as the Company’s Senior …

Standard Life Aberdeen plc Gerhard Fusenig stands down from the Board

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Standard Life Aberdeen plc (LON:SLA) today announced that Gerhard Fusenig will stand down from the Board of the Company on 31 December 2018. Gerhard has been a non-executive director of the Company since August 2017, having served as a non-executive Director of Aberdeen Asset Management PLC  since April 2016 and previously as a non-executive director on the Board of Aberdeen between 2009 and 2012 representing Credit Suisse, at the time, a significant shareholder in Aberdeen.

Sir Gerry Grimstone, Chairman, said: “I would like to thank Gerhard for his service to Standard Life Aberdeen during a period of change and development for the Group”.

Following this change, on 1 January 2019 the Board will comprise four executive directors, eight non-executive directors and the Chairman, and will be made up of three women and ten men.

Standard Life Aberdeen plc Gerhard Fusenig stands down from the Board

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Standard Life Aberdeen plc (LON:SLA) today announced that Gerhard Fusenig will stand down from the Board of the Company on 31 December 2018. Gerhard has been a non-executive director of the Company since August 2017, having served as a non-executive Director of Aberdeen Asset Management PLC  since April 2016 and previously as a non-executive director on the Board of Aberdeen …

Standard Life Aberdeen plc Directorate Change

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The Board of Standard Life Aberdeen plc (LON:SLA) today announced that Sir Douglas Flint will be appointed as a Non-Executive Director and Chairman Designate of the Company on 1 November 2018. The Board intends that Sir Douglas will succeed Sir Gerry Grimstone as Chairman on 1 January 2019 and Sir Gerry will stand down from the Board at that time.

Commenting on the appointment, Simon Troughton and Melanie Gee, Co-Chairs of the Appointments Committee, said:

“We undertook a rigorous and comprehensive international search to identify Sir Gerry’s successor and we are very pleased that Sir Douglas will join the Board and become its Chairman. His passion for our Company, his strong track record as chairman and his international experience make him an ideal candidate to lead the Board as we continue to build our global investment business”.

The Board added “We would like to thank Sir Gerry for his years of outstanding servi