Residence Edinburgh Name Keith Skeoch Successor Incumbent | Term 2015–present Occupation Businessman Predecessor David Nish | |
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Full Name Norman Keith Skeoch Salary £5,272,000 (total compensation, 2014) Title Chief Executive-designate of Standard Life plc Alma mater University of Sussex, University of Warwick | ||
Norman Keith Skeoch (born November 1956) is a British businessman. He is the chief executive (CEO) of Standard Life, a British long term savings and investment company, and head of Standard Life Investments, its asset management division.
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Early life
Norman Keith Skeoch was born in November 1956.
Skeoch received a BA in Economics from the University of Sussex in 1978, and an MA in Economics from the University of Warwick in 1979.
Career
According to his company profile, Skeoch had previous appointments with James Capel and from 1996 onwards HSBC Securities, where he was the Managing Director of International Equities in 1998, Director of Economics and Strategy (1993), Chief Economist (1984) and in 1980 International Economist. Skeoch began his career in 1979 at the Government Economic Service.
In 1999, he joined Standard Life, and was appointed CEO of the company in August 2015, having been a director since 2006 and chief executive of Standard Life Investments since 2004.
He is also a board member of the Financial Reporting Council. In 2015, he retired as a board member of the Investment Association.
In 2017, Skeoch took a 20% reduction in pay. The year before, he gave up almost £600,000 in bonus payments, accepting a bonus package worth 400% rather than 500% of his base salary.
In March 2017, a merger between Standard Life and Aberdeen Asset Management was announced. The merger will create the UK’s largest asset management firm, and the second biggest in Europe.
Personal life
Skeoch is married with two sons and lives in Edinburgh. He enjoys fishing in his spare time.