Standard Life has appointed Trevor Matthews as chief executive of its life and pension business – the first external appointment to the board for more than 30 years.
Keith Skeoch becomes chief executive of Standard Life Investments, a post he has been looking after since Sandy Crombie was appointed Standard Life group chief executive in January.
Matthews joins the company on July 1 from Manulife in Japan where he is president and chief executive. Matthews, 52, has worked for Canadian life insurer Manulife in Canada and Japan since 1998, after stints at National Australia Bank and Legal & General operation in his native Australia.
Skeoch steps up from the role of chief investment officer at SLI he took in 1999 which followed a five-year spell at HSBC Securities and 13 years at James Capel.
The group denies rumours that finance director John Hyland's position is under review as the group heads towards demutualisation.
Group chief executive Sandy Crombie says: “We have stretching targets for our UK life and pension business and I know Trevor is the right person to help ensure that we achieve our goals. Tre-vor has wide-ranging experience on three continents and a proven track record.”
Matthews says: “The challenges facing all companies operating in the current marketplace are clear, but so is the commitment within Standard Life to tackle these issues head on and maintain the core values that set it apart from its competitors.”