Standard Life  

Standard Life appoints CEO of savings and advice

Standard Life appoints CEO of savings and advice

Standard Life Aberdeen has appointed as chief executive to oversee its platforms, advice and savings businesses.

Noel Butwell will begin his role as head of Standard Life Savings with immediate effect, alongside his current role as head of UK distribution. 

The responsibilities of chief executive previously fell under the role of former head of UK Barry O'Dwyer, who departed for Royal London last month. 

Mr Butwell's new responsibilities will span across Standard Life’s advice, savings and platform arms, including Wrap and Elevate which have combined assets under administration of £57.6bn.

Reporting to Standard Life Aberdeen chairman Martin Gilbert, Mr Butwell will oversee the company's wholly owned financial planning and advice business 1825, which recently acquired Grant Thornton's wealth advisory unit. 

The deal earlier this month saw £1.7bn in assets under advice added to the business. 

Mr Butwell said: "I am delighted to have been appointed chief executive of Standard Life Savings.

"I have worked for SLA for 16 years and throughout this time my primary focus has been building enduring relationships with financial advisers as we work together to meet the needs of their clients.

"Standard Life is at the forefront of helping the UK population achieve their financial goals and through continuing to invest in the business we will build on the excellent propositions, products and services we offer."

rachel.addison@ft.com