Standard Life Aberdeen nabs new personal wealth boss from rival



Standard Life Aberdeen (SLA) has appointed Caroline Connellan as its new chief executive for personal wealth.

She will be joining from wealth manager Brooks Macdonald Group, where she was chief executive for the business since 2017.

Connellan has overseen strong year on year growth in funds under management, revenue and profit, as well as executing several acquisitions.

She previously worked with HSBC where she was the head of UK premier and wealth, and has consulting experience across the asset management and wealth sector with McKinsey.

Her earlier career included roles with Standard Life and as a private client fund manager with Newton Investment Management.

Connellan will be reporting to Stephen Bird, chief executive at Standard Life, as a member of the executive leadership team, and will be based in London.

SLA’s personal wealth business includes the 1825 financial planning brand and SLA’s direct-to-customer propositions, including digital retirement advice.

Two thirds of this year’s retirees won’t have enough pension savings to last their lifetime

Bird commented: “The appointment of Caroline to lead our personal wealth business will be instrumental in delivering our objectives and I’m extremely pleased that she has shown strong confidence in our strategy and brand by joining us.

Connellan added: “It’s an exciting time to be joining SLA given its ambitions and commitment to the growing wealth market.

“Stephen’s vision for the business is dynamic and bold, and I’m delighted to have the opportunity to lead and shape the personal wealth business, building on its current quality offering.“

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