Appointment of UK CEO

RNS Number : 1812I

Standard Life plc

09 June 2011

 



For immediate release

9 June 2011

Standard Life appoints UK CEO

Standard Life has today announced the appointment of Paul Matthews as Chief Executive of its UK business. 

In addition to his responsibilities as Group Chief Executive, David Nish has been performing the duties of UK Chief Executive since January 2010.  Paul's appointment will allow David to focus on the Group strategy and shaping the future direction of the businesses across the Group.

As UK Chief Executive, Paul's responsibilities will include UK Operations; Customer Services, UK IT and Change.

Paul has held a number of senior positions within Standard Life since he joined in 1989.  Most recently, he was UK Take to Market Director* with responsibility for the Retail, Corporate and Direct to Customer businesses in the UK. 

David Nish, Group Chief Executive, said,

"I am very pleased to announce Paul's promotion to Chief Executive of our UK business.

"Paul is a strong and respected leader.  His experience and understanding of the UK market, combined with his customer-focused approach, make him the ideal person to lead our UK business, enabling us to maximise the potential within this exciting market."

Paul Matthews, UK Chief Executive, said:

"In the past 18 months we have taken significant steps to build on our leading position in the UK long-term savings and investment market. We have launched a number of new and exciting products and propositions alongside significant enhancements to both our Corporate and Retail offerings.

"With the introduction of the RDR, NEST and wider pensions reform we will see the biggest set of changes our industry has ever experienced. Standard Life is strategically well positioned for these changes which will fundamentally alter the UK savings environment. I am delighted to be leading our UK business through this exciting period and I am looking forward to the opportunities ahead." 

Ends

Notes to Editors

About Standard Life

Established in 1825, Standard Life is a leading provider of long term savings and investments to around 6 million customers worldwide.  Headquartered in Edinburgh, Standard Life has around 9,000 employees worldwide. 

The Standard Life group includes savings and investments businesses, which operate across its UK, Canadian and European markets; corporate pensions and benefits businesses in the UK and Canada; Standard Life Investments, a global investment manager, which manages assets of over £157bn globally; and its Chinese and Indian Joint Venture businesses.  At the end of April 2011 the Group had total assets under administration of £198.4bn.

Standard Life plc is listed on the London Stock Exchange and has approximately 1.5 million individual shareholders in over 50 countries around the world.

All figures at 28 April 2011

* 'Take to Market' divisions within our UK, Canadian and International (European and Asian) businesses bring sales, marketing and distribution closer together within each of those operations.

For further information, please contact:

Nicola McGowan

0131 245 4016/07872 191 341

[e-mail]

 

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