Four members of the distribution team at Aberdeen Standard Investments are set to leave the business, including head of UK wholesale Michael Beveridge, Investment Week understands.
Beveridge, Michael Dinwoodie, Marcus Gibbon and Stephen Andrews are all set to leave the group in the next few weeks, and while the group confirmed structural changes to the team, it would not comment on individuals. The group said following last year's sale of Standard Life Assurance to Phoenix, it decided to merge distribution teams. An Aberdeen Standard Investments spokesperson said: "Following the sale of Standard Life Assurance Ltd to Phoenix last year a further £100m of cost savings were identified. "As part of that process we are integrating a small number of teams, of which...
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