Standard Life and Aberdeen Asset Management keep it fair with near-equal split on new investment committee ahead of August merger

 
Lucy White
Aberdeen Asset Management Standard Life
The combined Aberdeen and Standard Life entity has got the wind in its sails after appointing its investment committee (Source: Getty)

Standard Life and Aberdeen Asset Management have been keen to promote their proposed merger as a match of equals, rather than a takeover.

And so it continues with the appointment of their new investment committee (IMC), which includes a near-equal split of employees from each firm.

The IMC is comprised of global functional heads, and aims to provide a unified approach to investment management activities, oversee investment process, performance, capabilities and talent, and define and set investment culture, governance and risk framework.

Rod Paris, chief investment officer for the combined group and chair of the IMC, said:

The combined businesses have strong, complementary investment capabilities which will deliver greater investment insight and more choice for clients and customers.

Together we will be broader and more diverse, respecting different investment philosophies and processes, incorporating the best talent and capabilities from both firms.

After the merger received shareholder approval on Monday, the deal is set to go ahead on 14 August. But who are the team in charge?

Name Position Why they're of note
Brian Fleming, Standard Life Global head of structured solutions As if his job at Standard Life wasn't enough, Fleming is also active in academic circles. His expertise touches on artificial intelligence and information science, according to ResearchGate.
Devan Kaloo, Aberdeen Asset Management Global head of equities Kaloo was at Aberdeen for 15 years before being promoted to head of equities in 2015. He started working on the Latin American desk before transferring to North American equities, then the global asset allocation team and the Asian portfolios.
Craig MacDonald, Standard Life Global head of fixed income (credit, EMD and aggregate investing) According to Standard Life, MacDonald "has been a key figure in broadening our corporate credit processes and resources to manage euro and global corporate credit in addition to our strong sterling bond heritage".

Andrew McCaffery, Aberdeen Asset Management Global head of client-driven and multi-manager solutions McCaffery has worked in a number of roles, including with hedge funds, and was formerly chairman of the pan-alternatives investment committee and deputy chair of the Aberdeen investment committee.
Peter McKellar, Standard Life Global head of private and infrastructure equity McKellar joined Standard Life in 1999, but started his career in investment banking at JP Morgan in 1987 working in corporate finance.
David Paine, Standard Life Global co-head of real estate At Standard Life, Paine "has been responsible for portfolio establishment, development management, portfolio management and business development into new markets".
Sean Phayre, Aberdeen Asset Management Global head of quantitative investing Phayre holds an impressive list of academic acheivements. He is an associate of the UK Society of Investment Professionals and holds a PhD in investment analysis, a PhD in statistics and modelling science, an MSc in industrial mathematics and a BSc Hons. in mathematical sciences.
Mandy Pike, Aberdeen Asset Management Global head of investment execution Sadly the only female on the committee, Pike previously covered all listed securities including equities, fixed interest, cash, FX and derivatives. Previously, she worked as a trader at F&C Asset Management, and before that at BNP Capital Markets.
Guy Stern, Standard Life Global head of multi-asset and macro investing Stern joined Standard Life Investments in April 2008. Since then, he has been responsible for the day-to-day management of the multi-asset investing team, investment idea origination, portfolio construction and implementation.
Archie Struthers, Standard Life Global head of investment governance and oversight Struthers' journey has come full circle, as he has worked at both Aberdeen and Standard Life. Moving from the former to the latter just last year, Stuthers has also worked at names such as Scottish Widows and BlackRock.
Pertti Vanhanen, Aberdeen Asset Management Global co-head of real estate Vanhanen joined Aberdeen in its Finland team, before serving as head of Aberdeen’s Nordic and Eastern European team then as head of direct property in Europe before taking up the global role.

Co-chief executive officers, Keith Skeoch and Martin Gilbert, will have standing invitations to the IMC meetings.

Global chief operating officer of investments Alan Coutts, office of the chief investment officer Ginny Richardson, and global head of stewardship and ESG investing Euan Stirling will also regularly attend.

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