In the next 10 to 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.
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.