(Alliance News) - Standard Life Aberdeen PLC Vice Chair Martin Gilbert will step down from his role to become chair of digital bank Revolut, the Financial Times reported on Tuesday.
According to the paper, the move is expected to be announced on Wednesday.
Gilbert established Aberdeen Asset Management with two colleagues in 1983. He helped orchestrate the GBP11 billion merger between Standard Life Investments and Aberdeen Asset Management two years ago.
https://www.ft.com/content/77c3f9f8-ad1b-11e9-8030-530adfa879c2
He was previously co-chief executive of the newly formed Standard Life Aberdeen but the investment firm ended the structure in March.
Keith Skeoch, former head of Standard Life, became the sole chief executive officer with Gilbert taking up the role of vice chair.
Gilbert currently sits on the board of Glencore PLC and was deputy chair of broadcaster Sky before it was sold to US firm Comcast Corp.
Shares in Standard Life Aberdeen were up 1.3% in London on Wednesday at 311.20 pence each.
