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HAND IN GLOVE

Campbell Fleming, global head of distribution at Aberdeen Asset Management, talks mergers, scale, fees and the future of the combined Aberdeen/Standard Life business

How do you expect your role to change due to the Standard Life merger?

We haven’t finalised any senior management structural matters like that yet. I would be happy to work for, with or lead the broader effort. The announcement of how the co- CEOs’ responsibility is going to work has been helpful and I am hoping it is going to be business as usual.

There will be more colleagues to work with across the globe, allowing us to improve our presence in more than 50 countries.

More importantly what’s driving that is at the end of this merger, both firms have a better range, more choice and improved performance for our customers. I’m looking forward to being able to have even more fulfilling conversations with our client base.

Have you met your opposite number at Standard Life?

Yes, Colin Clark, executive director of the global client group. We all met briefly and I’ve seen him once or twice before, in the industry.

I also know Standard Life’s chief executive Keith Skeoch well, having sat on the Investment Management Association board.

Their business is slightly different to ours. It’s very complementary in terms of their clients and ours but until the merger happens, they are still competitors. We’ve got to follow both the spirit and the letter of various laws and codes, so it’s business as usual.

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