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Recruiting campaign

Standard Life is believed to be considering replacing finance director John Hylands as it moves to position itself for demutualisation.

It refuses to comment on the claim but reports suggest that while a decision has not been made to rep-lace Hylands, feelers have been put out to see whether replacements are available.

Standard has confirmed that it has employed headhunters to recruit new chief executives for the UK life and pension business and Standard Life Investments.

A chief executive position for the UK life and pensions business has not been in existence for two or three years and Keith Skeoch has been acting chief executive of SLI since Crombie&#39s promotion to chief executive.

Chairman Sir Brian Stewart has said that changes to the board are likely before demutualisation takes place.

Standard Life spokeswoman Danielle Pinnington says: “We have been recruiting for a few weeks.”

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