In the next 10-15 years, "the big winners in asset management will have scale", said Standard Life CEO Keith Skeoch, referring to the £11bn ($13bn) merger with Aberdeen Asset Management that prompted David Cumming, head of equities at Standard Life Investments, to quit and has led to rumours of job cuts and possible asset outflows. The UK is also a major player on Wall Street, where it accounts for about half of all US equity trading volume.
In the next 10-15 years, "the big winners in asset management will have scale", said Standard Life CEO Keith Skeoch, referring to the £11bn ($13bn) merger with Aberdeen Asset Management that prompted David Cumming, head of equities at Standard Life Investments, to quit and has led to rumours of job cuts and possible asset outflows. The company’s staff are "focused on the opportunity that this brings", he said.