Pressure is mounting on Standard Life Aberdeen to shake up its leadership after its largest shareholder dumped its 6 per cent stake.
Shares in the Edinburgh-based financial services provider fell by 14¾p, or 6 per cent, to 233¾p in reaction to the move by MUFG, of Japan, bringing the financial group’s total share price fall in the past year to 44 per cent.
There is a growing view among shareholders that Standard Life Aberdeen’s unusual structure of having co-chief executives — Keith Skeoch, 62, and Martin Gilbert, 63 — since the merger of their companies almost two years ago needs to change. Some are understood to have told Sir Douglas Flint, the chairman, to ask Mr Skeoch and Mr Gilbert to step down and for
