Standard Life Aberdeen's Chief Executive Keith Skeoch has been appointed Chair of the Investment Association's (IA) Board. He will assume the role on 1 May 2020.
Keith will take on the role of Chair having been Deputy Chair of the IA since August 2019. He replaces Peter Harrison, Group CEO of Schroders, after his three-year term as Chair expired.
The IA champions UK asset management, supporting British savers, investors and businesses. Its 250 members manage £7.7 trillion of assets and support 115,000 jobs across the UK. Keith's appointment is important recognition of both his, and Standard Life Aberdeen's, standing in the industry.
Chris Cummings, Chief Executive of the Investment Association, said:
"The Board sits at the heart of what we do at the IA and ensures we remain focused on the priorities of the industry and those it serves. Given the pace and scale of the changes faced by our industry, here in the UK and internationally, it has never been more important to have a strong voice speaking up for the investment management industry. I am delighted that Keith has been appointed as the new Chair of our Board. His fresh perspective and senior business experience will be invaluable in the years ahead."
"The asset management industry plays key roles in allocating capital to businesses and infrastructure projects, engaging with companies on ESG issues and importantly helping millions of people achieve their long-term financial objectives. I am honoured to be appointed Chair of the Board of the Investment Association and look forward to working with Chris Cummings and his team to ensure the industry continues to focus on delivering for clients, investors and the UK economy."