Martin Gilbert appointed chair of Toscafund

Retiring from SLA's board in May

Chair and former co-CEO of Standard Life Aberdeen Martin Gilbert, who is due to retire from the firm's board in May, has been appointed chair of the London-based multi-asset company Toscafund, according to the Daily Mail.

Gilbert, who co-founded Aberdeen Asset Management in 1983 and remained co-CEO of the merged SLA business until 2017, will become a non-executive of Toscafund Asset Management and Tosca Fund Limited's parent company Old Oak Holdings, which is owned by former US hedge fund Tiger Management employee Martin Hughes. Martin Gilbert to join Revolut as non-executive chairman Toscafund AM, which was founded by Hughes in 2000, currently has more than £3bn assets under management and runs nine mandates, including its flagship long/short global equity fund Tosca, an absolute return activist equit...