Directorate Change

RNS Number : 7138L

Standard Life Aberdeen plc

09 September 2019

 

Standard Life Aberdeen plc

Directorate change

The Board of Standard Life Aberdeen plc ('SLA') announces that Cecilia Reyes will be appointed as a Non-Executive Director with effect from 1 October 2019.

Cecilia brings 28 years of experience operating in international financial markets in leadership positions in investment and risk management.  Latterly, she was Group Chief Risk Officer of Zurich Insurance Group responsible for the global function comprising Group Risk Management and the Enterprise Risk Management Framework.  Prior to that, she was their Group Chief Investment Officer, responsible for the execution of the investment management value chain, including analysis, development and global implementation of the investment strategy for the Group's investments.  In both positions, she was member of the group's Executive Committee. 

Commenting on her appointment, Sir Douglas Flint, Chairman of SLA, said:

"I am very pleased to welcome Cecilia to our Board.  Her direct experience of risk management and in-depth knowledge of the investment process will be of great value to our discussions at both the Board and the Risk and Capital Committee".

On joining the Board, Cecilia will be appointed a member of the Risk and Capital Committee and of the Remuneration Committee.

Following this appointment, the Board will comprise four executive directors, seven non-executive directors and the Chairman.  The Board will be made up of five women and seven men.  The Financial Conduct Authority and the Prudential Regulation Authority have been notified of this appointment.  Cecilia's other appointments are listed below and no other information is required to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.

9 September 2019

Enquiries:

Media: James Thorneley	[phone] [phone]
Institutional Equity Investors: Jakub Rosochowski	[phone]* [phone]
Group Secretariat: Paul McKenna	[phone]

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

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LEI number of Standard Life Aberdeen plc: 0TMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State

Notes to Editors

Cecilia Reyes

Non-Executive Director's Fee

Cecilia's fee as a Non-Executive Director of SLA will be £73,500 per annum.  Her fees as a member of the Risk and Capital Committee and the Remuneration Committee will be £10,000 for each Committee.

Interest in shares

As at the date of her appointment, Cecilia does not hold any shares in Standard Life Aberdeen plc.

Biographical details:
Nationality:	Dual Swiss and Philippine
Education/Qualifications London Business School, University of London University of Hawaii Ateneo de Manila University	PhD (Finance) (1992) MBA (Finance) (1984) BSc (Management / Industrial Engineering) (1982)
Career summary:
2018		Pioneer Management Services Founder & Managing Director
2001 - 2018 2015 - 2018 2010 - 2015 2006 - 2010 2004 - 2006 2001 - 2004		Zurich Insurance Group Group Chief Risk Officer & Member, Executive Committee Group Chief Investment Officer Head of Investment Strategy Implementation Head of Group Investments, Europe & International Business Head of Group Investments, North America
1995 - 2001 2000 - 2001 1997 - 2000 1995 - 1997		ING Barings Director and Head of Risk Analytics, ING Asset Management Director & Head of Quantitative Risk Analysis Financial Engineering and Risk Consultant
1990 - 1995		Credit Suisse Director and Head of Trading Risk Analytics

 

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