LONDON, Oct 2 (Reuters) - Veteran investor Martin Gilbert is stepping down from Standard Life Aberdeen from September 2020, the company said on Wednesday, ending a career spanning more than three decades in charge of one of Britain’s most successful asset managers.
The 500 billion pounds ($613.05 billion) fund firm said Gilbert, who has served as vice-chairman since a 2017 merger with Standard Life, would not seek re-election to the board at its annual meeting in May, and would leave in September.
“It is impossible to overstate Martin’s achievement in building Aberdeen Asset Management into a truly global and widely respected investment firm,” SLA Chairman Douglas Flint said in a statement.
“His ability to attract talent to deliver that success and his unrelenting commitment to the firm’s clients leave a legacy of which he should be immensely proud and which serves as a solid foundation for our future success.”
Until his departure, SLA said Gilbert would continue to focus on strengthening relationships with clients, winning new business and realising potential from its global network and capabilities.
His key client, industry and regulatory relationships would be transferred to Flint.
“It has been an incredible journey, almost unimaginable from the earliest days when we were just three people in one office in Aberdeen with 50 million pounds under management,” Gilbert said.
“I will leave the Company in extremely good hands, and well positioned for further growth and prosperity.” ($1 = 0.8156 pounds) (Reporting By Sinead Cruise, editing by Lawrence White)