Standard Life Aberdeen plc Directorate Change (8204F)

TIDMSLA

RNS Number : 8204F

Standard Life Aberdeen plc

17 July 2019

Standard Life Aberdeen plc

Directorate change

The Board of Standard Life Aberdeen plc ('SLA') announces that Jonathan Asquith will be appointed as a Non-Executive Director with effect from 1 September 2019.

Jonathan Asquith brings a wealth of financial sector experience in both executive and non-executive directorship roles. In his executive career Jonathan worked at Morgan Grenfell for 18 years, rising to become Group Finance Director of Morgan Grenfell Group plc, before going on to take on the CFO roles at Deutsche Morgan Grenfell and subsequently Schroders plc. He also held leadership positions in Derivatives, Fixed Income, Equities and Private Banking. As a non-executive director, Jonathan has considerable relevant experience within the investment management and wealth industry having served, inter alia, on the Boards of Ashmore Group plc, Axa UK plc and Tilney Group Limited and as Chairman of Axa Investment Managers. He is currently Deputy Chairman of 3i Group plc, a position from which he is expected to retire next year.

Commenting on his appointment, Sir Douglas Flint, Chairman of SLA, said:

"I am very pleased to welcome Jonathan to our Board. His wide-ranging non-executive and executive experience across the financial services industry will bring further insight to our discussions".

On joining the Board, Jonathan will be appointed as the Senior Independent Director, a member and the Chair of the Remuneration Committee, and a member of the Nomination and Governance Committee.

Following this appointment, the Board will comprise four executive directors, six non-executive directors and the Chairman. The Board will be made up of four women and seven men. The Financial Conduct Authority and the Prudential Regulation Authority have been notified of this appointment and Jonathan's appointment as Chair of the Remuneration Committee is subject to regulatory approval. Jonathan's other appointments are listed below and no other information is required to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.

17 July 2019

Enquiries:

 
 Media:                              [phone] 
  James Thorneley                     [phone] 
 Institutional Equity Investors:     [phone]* 
  Jakub Rosochowski                   [phone] 
 Group Secretariat: 
  Kenneth Gilmour                    [phone] 
 

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

END

LEI number of Standard Life Aberdeen plc: 0TMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State

Notes to Editors

Jonathan Asquith

Non-Executive Director's Fee

Jonathan's fee as a Non-Executive Director of SLA will be GBP73,500 per annum. His fee as Senior Independent Director will be GBP25,000. His fee as Chair of the Remuneration Committee will be GBP30,000 and his fee as a member of the Nomination and Governance Committee will be GBP10,000.

Interest in shares

As at the date of his appointment, Jonathan does not hold any shares in Standard Life Aberdeen plc.

 
 
 Biographical details: 
 Nationality:                        British 
 
 Education/Qualifications:           University of Cambridge, MA Law, 
                                      (1978) 
                                      Inns of Court School of Law: Bar 
                                      Finals (1979) 
 
 Other Non-Executive Appointments: 
 2018 - Present                      Tilney Group Limited, Chair of 
                                      Audit Committee 
  2015 - Present                      CiCap Limited (parent company 
                                      of Coller Capital) 
  2011 - Present                      3i Group plc, Deputy Chairman 
                                      and SID and Chair of Remuneration 
                                      Committee 
 
 Previous Experience 
  Formerly Chairman of Citigroup Global Markets Limited, Citibank 
  International plc, Dexion Capital plc and AXA Investment 
  Managers. Non-executive director of Ashmore Group plc and 
  Axa UK plc. 
 
  Director of Schroders plc from 2002 to 2008, during which 
  time he was Chief Financial Officer and later executive 
  Vice Chairman. Previously in investment banking with Morgan 
  Grenfell and Deutsche Bank. 
 

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July 17, 2019 04:19 ET (08:19 GMT)