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Ex-HSBC chair Flint heads to Standard Life Aberdeen

October 31, 2018 at 05:47 am EDT

LONDON (Reuters) - Britain's biggest listed investment manager Standard Life Aberdeen said on Tuesday it had appointed Douglas Flint, former chairman of HSBC, to lead its board from January.

Flint will succeed Gerry Grimstone whose 11-year stint as chairman was crowned by Standard Life's takeover of Aberdeen Asset Management, but which has been marred recently by a tussle with Lloyds Banking Group over a 109 billion pounds investment mandate.

Standard Life (SLA) announced in February that Grimstone would stand down as chairman next year.

Flint joins as a non-executive director and chairman designate on Nov. 1 and will take over the reins from Grimstone on Jan. 1, subject to regulatory approval.

"We undertook a rigorous and comprehensive international search to identify Sir Gerry's successor and we are very pleased that Sir Douglas will join the Board and become its chairman," Simon Troughton and Melanie Gee, co-chairs of SLA's appointments committee, said in a statement.

"His passion for our company, his strong track record as chairman and his international experience make him an ideal candidate to lead the Board as we continue to build our global investment business."

(Reporting by Sangameswaran S in Bengaluru; Editing by Shailesh Kuber and Susan Fenton)

By Sangameswaran S and Simon Jessop

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
LLOYDS BANKING GROUP PLC	52.3 GBX	+2.15%	+2.71%	41.16B
HSBC HOLDINGS PLC	663.6 GBX	+0.26%	+2.69%	153B
STANDARD LIFE ABERDEEN	- GBX	-.--%	-.--%	3.24B
IP GROUP PLC	48.85 GBX	+3.39%	+5.28%	628M

Douglas Flint

Douglas Jardine Flint is a British businessperson who has been at the helm of 8 different companies and is Chairman for Standard Life Aberdeen Plc, Non-Executive Chairman for IP Group Plc, Non-Executive Chairman of Just Finance Foundation and Chairman at HSBC Holdings PLC (Hong Kong). He is also on the board of The Hong Kong Association of Bank, Centre for Policy Studies Ltd. and The Royal Marsden Cancer Charity and Member of The Institute of Chartered Accountants of Scotland and Member-Consultative Committee at HM Revenue & Customs. In his past career Douglas Jardine Flint was Group Chairman at HSBC Holdings Plc Non-Executive Chairman at HSBC Finance Corp. and Chief Financial Officer for The HongKong & Shanghai Banking Corp. Ltd. (both are subsidiaries of HSBC Holdings Plc), Member of The Financial Services Trade & Investment Board, Partner at KPMG LLP, Member of ACT 2013 Ltd., Chairman at The Institute of International Finance, Inc., Chairman at Cancer Research UK and Chairman-Turnbull Guidance at The Financial Reporting Council Ltd. Douglas Jardine Flint received an undergraduate degree from the University of Glasgow.

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