Standard Life Wealth joins Standard Life Investments
Standard Life Wealth will move within the Standard Life group to its global fund manager Standard Life Investments with effect from 1st January 2014.
Richard Charnock, CEO, Standard Life Wealth, who will report to Keith Skeoch, CEO Standard Life Investments will be appointed to Standard Life Investments’ Board on 1st January 2014, subject to FCA approval.
Keith Skeoch, CEO, Standard Life Investments, said: “Following the recent acquisition of Newton Private Clients, Standard Life Wealth has become a substantial asset management business, which has created a deeper operational and investment link between our two companies. It now makes sense to align our two businesses more closely.
“We believe this is a very positive move for both companies and will give Standard Life Wealth greater access to our award winning global investment platform, investment performance and investment solutions. Over the next few months we will be working together closely to make sure the move goes smoothly for our businesses, our people and our clients.
“We see substantial opportunities to accelerate the growth of Standard Life Wealth from its strong base as a whole-of-market discretionary fund manager of significant scale and market presence. Standard Life Investments’ infrastructure, internal expertise and international exposure will provide strong support for future growth.”