Standard Life has appointed Paul Matthews as chief executive of its UK business following a reshuffle of the senior team.
Matthews, who was UK take to market director, replaces group chief executive David Nish who has held the position since January 2010 and will now focus on group strategy.
Matthews joined Standard Life in 1989 as a sales manager. His previous titles include head of IFA sales and managing director of UK distribution.
He says: “In the past 18 mon-ths, we have taken significant steps to build on our 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 pension 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.”
Matthews’ appointment follows a number of role changes at the firm after managing director of corporate solutions Gerry O’Neill was suspended in February. O’Neill left Standard in June.
Ex-distribution director Ste-hen Ingledew is now managing director of corporate solutions, overseeing corporate pensions, Lifelens and Vebnet. Jeff Reggazoni has replaced Ingle-dew as distribution director.
Syndaxi Chartered Financial Planners managing director Robert Reid says: “At this point in the RDR, it is important that the person heading the strategy for the business has a good appreciation of all parts of the marketplace and I think Paul fits that bill.”