The companies also revealed details on branding, saying Standard Life will be renamed Standard Life Aberdeen.
The companies said in a report, released today, that the total global headcount of the combined group as of 31 December was approximately 9,000 and this will be cut to 800 over a three-year integration period.
A statement read: “Synergies will come in part from employee departures arising from natural turnover. Other appropriate steps will be taken to minimise the number of compulsory redundancies, including the active management of Standard Life’s and Aberdeen’s recruitment and vacancies.”
The companies stated in a report, that they “expect to achieve cost synergies” where they find ‘duplication’.
Standard Life and Aberdeen Asset Management announced the deal in March.
The combined group will include, and operate under, branding drawn from both the Aberdeen Group and the Standard Life Group.
The combined group is likely to be reorganised to bring the investment businesses of the Aberdeen Group and the Standard Life Group together in a single investment sub-group – to be named or Renamed Aberdeen Standard Life Investments.
The report stated that the global brand strategy for the combined group is “currently being developed and will reflect appropriate positioning for all businesses within the group, including the investment business”.
It will be headquartered in Scotland and continue to have offices around the world.