Richard Charnock has been named managing director, advisors and investments at Standard Life, having previously held the post of chief executive, Standard Life Wealth, the Edinburgh-headquartered financial services group announced as it unveiled a number of senior management changes.

The new business structure for UK and Europe, Asia and Emerging Markets and group operations was unveiled by Standard Life yesterday. In June, the firm had announced appointments of Nathan Parnaby as chief executive, Asia and Emerging markets; Paul Matthews as CEO UK and Europe; and Sandy Begbie as group operations officer.  

The three executives have reviewed operations and decided the following moves:

The Retail Adviser, Proposition, Wealth and Investment Solutions businesses will report into Charnock in Standard Life’s new advisors and investments business unit.

Meanwhile, the corporate function will become “Workplace” under Ronnie Taylor, who remains accountable for how the firm prepares for the UK’s Retail Distribution Review programme of reforms to wealth management.

The marketing, retail customer relationship and private client management functions will transfer into a new business unit, called customer and marketing, under Stephen Ingledew.

Having delivered the implementation of the brand across the Standard Life group, Bruce Kelsall, UK marketing director, will be leaving the business in October.

Germany, Ireland

Elsewhere, in Gemany and Ireland, the business will continue to operate under Sven Enger, chief executive for Germany, who will report to Paul Matthews and be part of the UK & Europe executive team.

The Irish business, which operates both domestically and as an offshore hub, will be restructured based on the different legal requirements associated with trading internationally.

Nathan Parnaby will continue to manage Standard Life International Limited, the legal entity that forms the UK offshore business. The Irish domestic business is a branch of Standard Life Assurance Limited in the UK and will therefore report to Richard Charnock.

The Irish domestic business will be responsible for the manufacturing of our offshore propositions, supported by the customer and marketing, and advisors and investments businesses in the UK.

Asia and emerging markets

The firm said that Alan Armitage will continue to take responsibility for developing the Asia and emerging markets retail investment business based in Hong Kong.

Mike Connarty will continue as director, international investments, responsible for Indian and Chinese joint ventures.

Nigel Dunne will take up the position of CEO, Standard Life International Limited, responsible for developing and extending the UK offshore proposition.

Group operations

Paul Chong will continue as director of group IT and commercial providing group-wide services covering IT, premises and procurement.

Mark Dixon will take on the role of group chief technology officer in addition to his role of UK chief information officer. He will provide the Standard Life Board and group executive team with guidance on technology issues.

David Scott will become director of group platform and customer data strategy and will be responsible for defining and establishing a group-wide customer data strategy.

Marek Wilkojc will remain head of group reward and employment policy until his retirement in early 2013. His replacement will be announced shortly.

Ian Miller will become head of group talent and organisational development leading the talent strategy and associated development framework.

Jacqui Mallin will continue to lead the firm’s operation excellence function; Graeme Mcewan will become director of group communications and brand.