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Colin Ng

Successful dealmaking: Chemistry or Hard graft

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Luuk Jacobs

I loved the read and although it is only through knowing the history of how corporate merger deals take shape, this one shows that there are plenty of examples where these initially perceived courtships between CEO's in the end do not work.

The article assumes already a failed scenario of the co CEO's of Aberdeen Standard Investments (ASI), although with Martin Gilbert having left last week, I am not sure if this is the same story. A new CEO (out of the former SLI) has been appointed for the Asset Management business (ASI) whereas Keith Skeoch remains CEO of the combined business including the insurance arm (combined Standard Life Aberdeen). Martin Gilbert remains chairman of the Board of ASI.

 

So is the love story really over or metaphorically do they only not sleep in the same bed anymore? The more important question for the shareholder in the end is, if the merger of SLI and Aberdeen has created the envisaged benefits. From a financial point of view as presented the answer here should probably be Yes. 

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