Reshuffle at financial planning business
New CEO at 1825 as Murray takes chair
Julie Scott: new CEO
Steve Murray, chief executive of Standard Life’s financial planning business 1825 since its launch just over two years ago, has moved into the newly-created role of chairman and has been replaced by chief operating officer Julie Scott.
The company said in a statement that this change will enable him to take on the wider role of managing director, commercial and strategy for Standard Life “where he will drive overall commercial decision making and lead on a number of strategic initiatives”.
Both Mr Murray and Ms Scott will remain on the Standard Life executive committee, while Michael Wall joins the 1825 senior leadership team from Old Mutual Wealth with an initial focus on business development across all the planning firms.
Since returning to the pensions and savings business, Standard Life, nearly three years ago, Ms Scott has held a number of senior roles.
She was part of the team that launched 1825. This appointment will ensure a seamless transition in leadership for the business. She began her career as a financial planner and has worked across different areas, leading teams in regulated sales, customer service, operations and HR.
Mr Wall was a regional director at Old Mutual Wealth based in West Yorkshire. Approaching 40 years’ experience in the industry, he has held a variety of senior roles with a number of firms including Openwork, Berry Birch and Noble FS and Sedgwick, as well as a period of running his own consultancy firm.
Mr Murray said: “I’m delighted to be taking on the role of chairman of 1825 helping its continued strategic development as well as the broader commercial and strategy role in Standard Life.
“With 1825 now firmly established as a UK wide financial planning business with over 8,000 clients and AUA of £3.4bn we are looking to move to the next phase of development. Our acquisition pipeline is very healthy and we continue to explore exciting opportunities.
Ms Scott said: “It’s an exciting time to be part of the team at 1825 as we continue to grow and go from strength to strength.
“I’m looking forward to taking on my new role and continuing to have a close working relationship with Steve. We have worked hard to establish a successful business and to bring fresh thinking to financial planning, ensuring more people get a great outcome as a result.”