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Sir Brian Stewart to chair Standard Life

Scottish & Newcastle chairman Sir Brian Stewart is to become the new chairman of mutual life office Standard Life.

Stewart, 55, will replace the current chairman John Trott who is expected to announce his retirement at Standard&#39s annual meeting next April.

Known as a strong defender of mutuality, Stewart is expected to resist any further attempts to demutualise the company and will promote its presence in overseas markets.

The news follows on from the announcement of the promotion of finance director Iain Lumsden to chief executive, replacing the outgoing Scott Bell, who is also retiring.

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