Standard Life has forked out £60.8 million in fees to push through its merger with Aberdeen.
This total costs including regulatory fees, listing fees, professional fees and expenses, alongside the costs of printing and distribution of documents, alongside stamp duty. VAT costs were not included in this figure.
A chunk of this cost went towards the 245-page prospectus Standard Life published last night detailing the merger.
The document revealed the company would be called Standard Life Aberdeen and the make-up of the combined board, which will be co-headed by Keith Skeoch and Martin Gilbert.
It also stated the merger will cost around £320 million in integration outlays, with an estimated 800 jobs to go.
It expects pre-tax cost synergies of £200 million to come into effect three years after the deal is completed.
Upon completion of the deal, Sir Gerry Grimstone will be remain as chairman of the board, with Simon Troughton taking up the role of deputy chairman.
Meanwhile, Colin Clark, global client director, Barry O’Dwyer, CEO Pensions and Savings, and CFO Luke Savage, will step down from the board of Standard Life.
Here is the confirmed executive committee in full:
• Co-chief executives: Keith Skeoch and Martin Gilbert
• Chief financial officer: Bill Rattray
• Chief investment officer: Rod Paris
• Chief people officer: Kerry Christie
• CEO, pensions and savings: Barry O’Dwyer
• Joint head of integration: Andrew Laing
• Chief perations officer and joint head of integration: Colin Walklin
In addition, Julie Chakraverty, Gerhard Fusenig, Richard Mully, Akira Suziki and Jutta af Rosenborg will become non-executive directors, while Pierre Danon and Noel Harwerth will resign from their non-executive director roles.
This will mean that the board will comprise the chairman, four executive directors and eleven non-executive directors.
Singapore-based fund manager Hugh Young will head the group’s Asia business.