Paul Matthews, chief executive of Standard Life’s UK and European pensions and savings business, is retiring from the company, which he first joined 28 years ago, effective in August.
With effect from the first of March, he’s standing down as an executive director of the company, as Barry O’Dwyer, currently chief executive of Standard Life, joins the board in the same capacity.
In addition to succeeding Matthews on the board, O’Dwyer “will also assume [Matthews’s] responsibilities for the pension and savings business”, Standard Life said, in a statement issued this morning.
Matthews joined Standard Life in 1989 and, following senior roles in distribution and relationship management, was appointed UK chief executive in 2011, and UK ands Europe chief executive in 2012.
O’Dwyer joined Standard Life in 1988, and between then and 2008 held various marketing, product development and actuarial roles. Beginning in 2008 and continuing over the next five years, he held senior roles with HBOS and Prudential, at one point serving as Prudential’s deputy chief executive of the UK and Europe. He re-joined Standard Life in 2013, as managing director of workplace and corporate pensions.