MONTREAL, April 9, 2013 /CNW Telbec/ - David Nish, chairman of The Standard Life Assurance Company of Canada ("Standard Life Canada"), is pleased to announce the appointment of Gerry Rocchi as an independent director of Standard Life Canada and two affiliated companies, effective January 1, 2013.
Mr. Rocchi is the CEO and a co-founder of Green Power Action, an environmental finance firm that launched Canada's first carbon offset credit fund, the voluntary Greening Canada Fund for Canadian corporations.
"In addition to having an acute awareness of how companies can find economic advantages by integrating sustainability into their corporate strategies," said Mr. Nish. "Gerry brings investment management expertise and a sound understanding of corporate financial governance processes and practices to our Board."
Mr. Rocchi served as the first independent Chair of the Board of Directors of the Investment Industry Regulatory Organization of Canada (IIROC) in 2011 and 2012, and was a director of IIROC for eight years. He has extensive experience as a senior executive, director and advisor in a broad array of disciplines, including pension investment and finance, strategic analysis, business development, risk control and client services. He worked for many years with Barclays Global Investors (now part of Blackrock Global Investors), serving as CEO of Barclays Global Investors Canada from 1997 to 2004. He also spent 16 years with Imperial Oil and Exxon in a variety of finance roles and served on an independent review committee for a mutual fund group.
Mr. Rocchi has co-taught a course on pension and endowment fund management in the Master of Finance program at the Rotman School of Management, University of Toronto.
About Standard Life
Standard Life plc is a leading long-term savings and investment company headquartered in Edinburgh, Scotland. Standard Life has around six million customers worldwide and operates in the United Kingdom, Europe, North America and Asia, and globally with Standard Life Investments Ltd.
In Canada, Standard Life has been doing business for 180 years. It operates under Standard Life Financial Inc., which wholly owns The Standard Life Assurance Company of Canada and Standard Life Mutual Funds Ltd. It is Standard Life plc's largest operation outside the UK and has more than 2,000 employees. It provides long-term savings, investment and insurance solutions to more than 1.4 million Canadians, including group retirement and insurance plan members.
As of December 31, 2012, Standard Life plc had $353 billion in assets under administration, including $45 billion in Canada through Standard Life Financial.
Image with caption: "Gerry Rocchi named director of Standard Life Canada (CNW Group/STANDARD LIFE)". Image available at: http://photos.newswire.ca/images/download/20130409_C3747_PHOTO_EN_25339.jpg
SOURCE: STANDARD LIFE
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