Standard Life appoints Charles Guay as new CEO

Standard Life announced today the appointment of Charles Guay to the role of president and chief executive officer of Standard Life Canada.

Guay, who will be based in Montreal, replaces Joseph Iannicelli who announced in May 2011 that he will be leaving Standard Life on February 14, 2012.

“I’m very pleased to be welcoming Charles to Standard Life; he is an outstanding candidate for the position and greatly impressed us with his experience, enthusiasm and leadership credentials,” said David Nish, chief executive, Standard Life Plc. “Canada is a very important market for Standard Life and our business is performing well. Following the launch of our repositioned brand in Canada in September, we’re creating momentum in the marketplace.”

Nish said the company aims to strengthen its growth in the long-term savings and investment market.

Guay is currently with National Bank of Canada, where he is currently senior vice president, strategies, marketing and investment solutions, wealth management; and president and chief executive officer, National Bank Securities.

“Standard Life has a proud heritage in Canada and I’m delighted to have been asked to lead the company,” said Guay. We have a big opportunity for the business thanks to the investment that Standard Life has made in the Canadian market. I also believe that Standard Life is well placed for forthcoming regulatory change such as Pooled Registered Pension Plans.”

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