Scottish Life general manager (sales) Jim Gilchrist is making a bid to become an MP in the new Scottish Parliament after failing to clinch the chief executive job.
Gilchrist, 55, was pipped to the post last week by gene ral manager (administration) Brian Duffin after a hotly contested battle. Many had tipped Gilchrist to win.
Gilchrist is looking to become a Conservative candidate for Edinburgh. If voted in, he may quit Scottish Life.
He will learn in June if he has been chosen as a candidate for the first election for a devolved Scottish Parliament in May next year.
As a Conservative member of Edinburgh City Council and former committee chairman of its education and finance committees, Gilchrist is viewed by many as a natural candidate.
Gilchrist says: "I am considering a lot of options at the moment. It is a very exciting time for Scottish politics and I would very much like to be part of it."