No amount of bluster can disguise the fact that the combination of Standard Life and Aberdeen Asset Management is one driven by their current struggles as active asset managers in a market in which cheaper passive funds are making the weather. Why else would Martin Gilbert, Aberdeen's hitherto fiercely independent chief executive, and Keith Skeoch submit themselves to the awkwardness of a job share?
Their enthusiasm for each other is heartwarming but a product of necessity. If Standard Lif
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