Standard Life's pensions and savings chief executive Paul Matthews is standing down and will be replaced by current life assurance CEO Barry O'Dwyer.
O'Dwyer initially joined Standard Life in 1988 and between then and 2008 held various marketing, product development and actuarial roles. From 2008 to 2013 he held senior roles with HBOS and Prudential, including as Prudential's deputy chief executive for the UK and Europe.
Matthews joined Standard Life in 1989 and, following senior roles in distribution and relationship management, was appointed UK chief executive in 2011 and UK & Europe chief executive in 2012.
Chairman Sir Gerry Grimstone said: "My thanks go to Paul for his service over the past 28 years. His dedication and commitment to Standard Life during that time is unparalleled and we owe him a tremendous debt of gratitude."
He added: "I would like to welcome Barry to the board. His extensive knowledge of the savings market will provide valuable insight to inform our thinking and ensure customer and client interests remain at the centre of our decision making."
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