- Wealth manager Standard Life Aberdeen said vice chairman Martin Gilbert would stand down next May.

Gilbert had advised the board that he would not seek re-election at the company's annual general meeting, scheduled for 12 May 2020.

He would retire from the company on 30 September 2020.

Gilbert had recently stood down as co-chief executive of the company.

'Between the date of this announcement and that time, Martin will continue to focus on strengthening the group's relationships with clients, winning new business for the group and realising the potential from our global network and capabilities,' the company said.

'Progressively, Martin will transition his client and key regulatory relationships to executive colleagues and certain key public policy, industry body relationships to the chairman.'

'As part of this transition, those senior executives currently reporting directly to Martin will move their reporting lines under a revised structure'

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