Keith Skeoch
{{short description|British businessman (born 1956)}}
{{Use dmy dates|date=April 2022}}
{{Infobox person
| honorific_prefix = Sir
| name = Keith Skeoch
| image = Keith Skeoch 2011 (cropped).jpg
| caption = Keith Skeoch in 2011
| birth_date = {{Birth date and age|1956|11|05}}
| birth_place =
| death_date =
| death_place =
| death_cause =
| nationality =
| education =
| alma_mater = University of Sussex
University of Warwick
| occupation = Businessman
| years_active =
| title = Former CEO, Standard Life Aberdeen
| term = 2015–2020
| predecessor = David Nish
| successor = Stephen Bird
| spouse =
| children =
}}
Sir Norman Keith Skeoch (born 5 November 1956) is a British businessman. He is the non-executive chairman of QBE,{{Cite web |date=2023-04-20 |title=QBE European Operations appoints Sir Keith Skeoch Non-Executive Chairman |url=https://youtalk-insurance.com/news/qbe-insurance/qbe-european-operations-appoints-sir-keith-skeoch-non-executive-chairman |access-date=2023-05-03 |website=youTalk-insurance.com |language=en}} and was the former chief executive (CEO) of Standard Life Aberdeen, a British long term savings and investment company, and head of Aberdeen Standard Investments, its asset management division.
Early life
Norman Keith Skeoch was born on 5 November 1956 in the town of Guisborough.{{cite news |title=Hauling up the Standard |url=https://www.theguardian.com/money/2005/may/29/moneyinvestments.business |newspaper=The Observer |date=29 May 2005 |access-date=13 May 2023}}{{cite web |title=Sir Keith Skeoch postgraduate scholarships |url=https://www.tees.ac.uk/sections/postgrad/skeoch_scholarship.cfm# |website=Teesside University |access-date=13 May 2023}}
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.{{cite web|title=Executive Profile: Norman Keith Skeoch|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=8664030&ticker=SL/:LN|website=Bloomberg|accessdate=19 June 2015}}
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.{{Cite web|url=http://www.standardlifeinvestments.com/about_us/our_people/person/keith_skeoch.html|title=Our Executive Directors - Standard Life Investments|website=www.standardlifeinvestments.com|language=en|access-date=2017-05-17}} Skeoch began his career in 1979 at the Government Economic Service.
In 1999, he joined Standard Life,{{Cite news|url=https://www.ft.com/content/061e07d2-01c7-11e7-ace0-1ce02ef0def9|title=Keith Skeoch, the driving force behind Standard Life's transformation|last=|first=|date=6 March 2017|website=Financial Times|archive-url=|archive-date=|access-date=17 May 2017 |last1=Ralph |first1=Oliver }} 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.{{cite news|last1=Farrell|first1=Sean|title=Standard Life's Keith Skeoch to replace David Nish as chief executive|url=https://www.theguardian.com/business/2015/jun/19/standard-life-keith-skeoch-replacing-david-nish-chief-executive|accessdate=19 June 2015|work=The Guardian|date=19 June 2015}}
He is also a board member of the Financial Reporting Council.{{Cite web|url=https://www.frc.org.uk/About-the-FRC/FRC-structure/FRC-Board/Members.aspx|title=FRC|last=team|first=FRC web|website=www.frc.org.uk|language=en|access-date=2017-05-17}} In 2015, he retired as a board member of the Investment Association.{{Cite web|url=https://www.theinvestmentassociation.org/media-centre/press-releases/2015/press-release-2015-09-09.html|title=Press Release 2015-09-09 {{!}} Investment Association|website=www.theinvestmentassociation.org|access-date=2017-05-17}}
In 2017, Skeoch took a 20% reduction in pay.{{Cite news|url=https://www.telegraph.co.uk/business/2017/02/24/standard-life-profits-rise-despite-stuttering-performance-flagship/|title=Standard Life chief takes 20pc pay cut despite profits on the rise|work=The Telegraph|access-date=2017-05-17|language=en-GB}} 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.{{Cite news|url=https://www.bbc.com/news/uk-scotland-scotland-business-36268729|title=Standard Life chief executive Keith Skeoch cuts own bonus|date=2016-05-11|work=BBC News|access-date=2017-05-17|language=en-GB}}
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.{{Cite news|url=https://www.ft.com/content/95474d9d-dfec-3144-8a76-849d6fd6083b|title=Standard Life and Aberdeen agree merger|website=Financial Times|date=6 March 2017 |access-date=2017-05-17 |last1=Khan |first1=Mehreen }}
He was knighted in the 2023 New Year Honours for services to the financial sector.{{London Gazette|issue=63918|supp=y|page=N2|date=31 December 2022}}
Personal life
References
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Category:Alumni of the University of Sussex
Category:Alumni of the University of Warwick
Category:British chief executives
Category:British corporate directors
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