BusinessCompany NewsStandard Life in search of new FD

Standard Life in search of new FD

Insurance giant Standard Life is looking for a new group finance director to succeed John Hylands, who will lead the project to demutualise the company.

Link: Standard Life accounts to be scrutinised by FSA

Hylands steps down from the role, which he has occupied for three years, to become executive director of the demutualisation project.

Headhunters, Heidrick and Struggles, have been appointed to conduct the search for the man to replace him.

The project has also seen PricewaterhouseCoopers appointed as reporting accountants on the project. The firm was named alongside Merrill Lynch and UBS, appointed financial advisors, Watson Wyatt, as actuaries, and Slaughter & May and Dundas & Wilson (Scotland) as legal advisors.

Standard Life has been a mutually-owned business for 178, but has been forced to demutualise because of the new regulatory regime introduced by the FSA.

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