Standard Life Aberdeen chief executive Keith Skeoch has been appointed chair of the Investment Association’s board.

Standard Life Aberdeen has seemingly emerged victorious in a dispute with Lloyds Banking Group over an investment mandate.

Martin Gilbert, co-founder of fund manager Aberdeen, has stepped down as co-chief executive of merged group Standard Life Aberdeen as the company moves to a single CEO.

The merger of Aberdeen Asset Management and Standard Life has completed today to form Standard Life Aberdeen, a financial giant with with assets under administration of £670 billion.