Standard Life has appointed Keith Skeoch as its new chief executive to replace David Nish, who is stepping down from the role after six years at the helm.
Skeoch, presently CEO of Standard Life Investments, will continue in this capacity till a transition is effected.
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The move comes as Standard Life sheds non-core insurance operations and looks to boost fund sales globally.
Standard Life chairman Gerry Grimstone said: "I am very pleased that Keith Skeoch is to become our new chief executive. He’s been an integral member of Standard Life’s senior team over the last 11 years.
"Under Keith’s leadership the asset management part of our group has developed into a leading global player. He has an exceptional understanding of world markets and the opportunities they offer, and has the right talent and experience to continue to deliver our strategy and take Standard Life on the next stage of our journey."
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