Aberdeen Asset CEO Gilbert joins Glencore board

Martin Gilbert

Mining and commodities trading multinational Glencore said it appointed Aberdeen Asset Management CEO Martin Gilbert as an independent non-executive director of Glencore with immediate effect.

Aberdeen Asset Management is in the process of merging with Edinburgh-based investment firm Standard Life — and Gilbert would be co-CEO of the merged firm.

Gilbert is also deputy chairman of Sky plc.

Martin is one of the leading entrepreneurs of asset management and also has a long track record as a FTSE non-executive director,” said Glencore chairman Tony Hayward.

“We are delighted that Martin has agreed to join us and look forward to benefitting from his experience and insights.

Glencore said Gilbert was appointed chairman of the Prudential Regulation Authority’s practitioner panel in December 2013 and also sits on the board of the Institute of International Finance.