Steve Murray has stepped down as chairman of Standard Life Aberdeen's advice arm.
Mr Murray had been involved in the inception of the 1825 advice business but will now be replaced by Barry O’Dwyer, Standard Life Aberdeen's head of UK.
Mr Murray had previously been chief executive but last year was replaced by Julie Scott and assumed the newly created role of chairman of 1825 last September.
He will now be taking on the role of deputy head of private markets for the Standard Life Aberdeen group, a spokesperson confirmed.
Mr Murray is also due to become a non-executive director of advice network TenetConnect and mortgage and insurance network TenetLime. Standard Life Aberdeen has a 25 per cent stake in Tenet.
FTAdviser understands Mr Murray will replace Don Wild, as a non-executive at Tenet, after he retired from the business last year.
Phoenix Group completed its acquisition of Standard Life Aberdeen's insurance arm earlier this month which saw the company retaining 1825, Wrap, Elevate and Parmenion which have £58bn in assets under administration.
rosie.quigley@ft.com
