17th Dec 2019 14:16
(Alliance News) - FTSE 100-listed Standard Life Aberdeen PLC on Tuesday said Chief Investment Officer Roderick Paris will step down as an executive director at the end of 2019 as part of continuing board restructuring.
The Edinburgh-based investment company said the move follows board simplification, but Paris will continue to serve as investment head and attend board meetings.
"Rod joined the board as chief investment officer at the time of the merger between Standard Life and Aberdeen Asset Management in August 2017, to ensure the board had a direct link to the critical process of integrating the investment businesses and processes of the two firms," explained Chair Douglas Flint.
He added: "With that integration largely complete and with his continuing presence at board meetings, both Rod and I agreed that the timing is now right, particularly in light of improving investment performance, for him to step off the board to concentrate all his attention on leading the Standard Life Aberdeen investment function of 1,400 experts globally."
Standard Life Aberdeen shares were trading 1.1% lower in London on Tuesday at 322.30 pence each.
By Evelina Grecenko; [email protected]
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