Standard Life Aberdeen’s head of global strategy Andrew Milligan is leaving the firm after 20 years.
Milligan will be stepping down in the next few weeks, Wealth Manager understands. While there will be no immediate replacement for the role, his responsibilities will be passed on to different members of SLA’s 100-strong global multi-asset team, headed by Aymeric Forest.
Milligan joined Standard Life Investments in 2000 having previously worked as director of business risk at Morley Fund Management for five years.
Milligan described his time at the business as ‘most enjoyable’, taking pride in helping organisation go from ‘strength to strength’.
He added: ‘There are various numbers to look back on with pride: almost 1,000 global investment group meetings resulting in a successful long-term track record in asset allocation, visiting major clients in over 30 countries around the world, or overseeing close to 250 copies of our monthly global outlook publication.
‘After working for one firm for almost two decades, I am looking forward to creating more of a portfolio career. I intend to stay very involved in the worlds of economics, finance and investing – after all there are simply far too many interesting things happening at present!’
Wishing him every success for the future, Forest thanked Milligan for the ‘considerable contribution’ he has made to the business, particularly its global strategy team.
Forest joined Aberdeen in 2018 from Schroders to replace Guy Stern after the latter announced his retirement. His duties include leading the firm’s troubled Global Absolute Return Strategies (Gars) fund, which has been hit by multi-billion outflows in the past 18 months.
In 2018 SLA also restructured its strategy team when it launched the Aberdeen Standard Investments Research Institute, a dedicated division for its economists.