Standard Life is reported to be gearing up to enter talks about a potential merger with Scottish Widows, as shareholders vote today on its deal with Aberdeen Asset Management.
The Sunday Times has reported discussions between Standard Life and Scottish Widows will begin this week, citing the group's prospectus for the Aberdeen deal. The combined business will be co-led by Aberdeen's CEO Martin Gilbert and Standard Life's chief executive Keith Skeoch. Aberdeen, which announced it was merging with Standard Life in March, has a close relationship with Scottish Widows' parent company Lloyds Banking Group. SLI GARS caught out by Asia outperformance in Q1 The firm bought the Scottish Widows Investment Partnership (SWIP) business back in 2013, formerly owned...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
