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Standard Life to rejig UK operational structure

Standard Life has reshuffled its UK leadership team, with current managing director of distribution Paul Mathews heading up the newly created take to market division.

The insurer says the change is part of an ongoing transformation programme, spearheaded by chief executive David Nish (pictured), to improve its customer service standards and focus on long-term savings and investments business.

Eleven staff have been made redundant although 12 new roles have been created and other staff members have been redeployed to different positions within the firm.

Standard Life is creating new market divisions in its UK, Canadian, European and Asian businesses, which will bring sales, marketing and distribution closer together.

The insurer says this will help it respond to customer feedback and bring products to market more quickly.

The UK “take to market” division will be split across retail, corporate, wealth and direct to customer. Retail will be led by Ronnie Taylor while the corporate arm will be headed up by Gerry O’Neill.

Richard Charnock will continue at the helm of the wealth division and Mark Till will lead the direct to consumer business.

On top of his new role, Mathews will join the executive team, which currently consists of Nish, chief financial officer Jackie Hunt, managing director of customer operations John Gill and group marketing director Simon Gulliford.

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