BusinessPeople In BusinessStandard Life still on the hunt for new FD

Standard Life still on the hunt for new FD

Insurance giant denies that finance role is about to be filled, as speculation increases before Reed's departure

Former Scottish Power finance director David Nish has emerged as a possible
successor to Alison Reed at Standard Life.

Reports have suggested that Nish could take the role, though Standard Life
has itself sought to douse down the rumours.

The post will become vacant at the end of this month when Alison Reed is due
to step down.

Reed recently hinted that it had not been her choice to leave her role.

Nishhad headed up the finance team at Scottish Power, before accepting the
position of infrastructure director at the company.

In response to the speculation, Standard Life told the FT that no
appointment was imminent, refusing to go into specifics about any potential
candidates.

A Standard Life spokesman previously stated that the company had started an
‘extensive search’ for Reed’s successor: ‘It is a very significant role. We will
make sure the appointment is the right one for Standard Life,’ the spokesman was
quoted as saying.

A number of finance directors are currently in the marketplace for new
positions. Headhunters have indicated that those available include Margaret
Ewing, BAA’s former FD.

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