Standard Life completes acquisition of Aberdeen creating a £670 billion asset management powerhouse.
Combined group will eliminate 800 roles over three years upon completion of merger.
Proposed merger would create one of the UK’s largest asset management firms.
Iain Plunkett joined Aberdeen Asset Management in September 2015.
Aberdeen reports 10% rise in annual assets under management in 2016.
Banks are trying to encourage their clearing clients to adopt services such as compression to reduce their capital requirements.