Aberdeen global distribution head departs

Business-Corporate-Board-Room-Meeting-Hire-Hiring-700x450.jpgAberdeen Asset Management global head of distribution and group management board member John Brett is stepping down from his role to “pursue a different career path”.

Brett, who will officially finish in his role at the end of 2015, will remain at the asset manager as a non-executive director of the firm’s life and pensions unit, the firm said in a statement.

The current chief operating officer for distribution, Avril McLean, will replace Brett on an interim basis.

Brett started in his role in November 2011, joining from Scottish Widows Investment Partnership, which was bought by Aberdeen.

Aberdeen Asset Management chief executive officer Martin Gilbert says: “John has done a fantastic job for us, particularly in integrating the acquisition of SWIP. I am delighted that he will continue to work with us, initially as a non-executive director on the Life and Pensions board.

“I am sure that, given time, other opportunities will develop where John can potentially play a significant role. In the meantime, the board … wishes John and his family well.”

Brett’s career move comes the same day as the asset manager has been reported to have approached a number of rivals in recent months to sell the business.