Standard Life Investments names acting CEO

UK – Standard Life Investments has named its chief investment officer Keith Skeoch as acting chief executive following Sandy Crombie’s appointment as CEO of the parent company.

Skeoch would remain CIO for the time being. England said the company has hired a headhunting firm to help it recruit a permanent replacement for Crombie, who was named group CEO of Standard Life earlier this month. “It’s just an interim measure,” said Richard England, press officer for the asset manager. Skeoch has been CIO since 1999.

Former Mercury Asset Management chairman Hugh Stevenson has been named non-executive chairman of division while Colin Buchan, former global head of equities at UBS Warburg, becomes non-executive deputy chairman.

“The company has almost trebled third party assets under management from 5.3 billion pounds to 15.3 billion pounds, and increased total funds under management from 61.1 billion pounds to 86.5 billion pounds during a period of mainly falling stock markets,” said Stevenson.

“I look forward to working closely with our new chairman, Hugh Stevenson and our new deputy chairman, Colin Buchan,” Skeoch said.

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