Edinburgh, United Kingdom - June 22, 2015, Edinburgh, United Kingdom - Standard Life plc announces that David Nish is stepping down on 5 August 2015 after six years as chief executive and nine years as a director of the company.
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Mr. Nish was appointed Chief Executive on 1 January 2010 after joining Standard Life on 1 November 2006 as Group Finance Director. Mr. Nish is the Deputy Chairman of the Association of British Insurers. He is a member of the Financial Services Advisory Board in Scotland and a member of the Advisory Council of TheCityUK.
He sits on the Board of HDFC Life in India, one of the country's largest private insurers. He is a Non-Executive Director of the UK Green Investment Bank and is a member of the Chairman's Advisory Committee of Scottish Rugby Union.
From 1999 to 2005 Mr. Nish was Finance Director at Scottish Power plc, and subsequently, he was Executive Director, Infrastructure Division, Scottish Power plc. Previously he was a partner with Price Waterhouse.
From 2005 to 2011, he sat on the Board of Northern Foods plc as non-executive director and chairman of the audit committee. From 2001 to 2002 he served as non-executive director of Thus plc: and from 2002 to 2008 was a non-executive director of the Royal Scottish National Orchestra. In 2000 and 2009 he was awarded the Scottish Business Awards Finance Director of the Year and from 2004 to 2005 he served on the Government Employers Pension Task Force.
Mr. Nish graduated from Glasgow University in 1981 with an accounting degree (B.Acc). He is a member of the Institute of Chartered Accountants of Scotland.
Keith Skeoch, currently Chief Executive of Standard Life Investments, will succeed Mr. Nish as Chief Executive.
Mr. Skeoch was appointed Chief Executive of Standard Life Investments in 2004 after joining as Chief Investment Officer in 1999. He has been on the Board of Standard Life plc since 2006.
From 1980 to 1999, Mr. Skeoch was with James Capel (HSBC Securities from 1996) where his previous roles included; 1998 Managing Director of International Equities, 1993 Director of Economics and Strategy, 1984 Chief Economist and in 1980 International Economist. He started his career in 1979 at the Government Economic Service.
Mr. Skeoch has held a number of key industry appointments and responsibilities. He is a board member of the Financial Reporting Council and the Investment Association. ■