MONTREAL, Aug. 2, 2012 /CNW Telbec/ - The Standard Life Assurance Company of Canada today announced that Michel Fortin is promoted to Senior Vice-President, Marketing and Customer Solutions and Kevin Powers is appointed Senior Vice-President, Finance and Strategy. The appointments of Messrs. Fortin and Powers' are effective August 13 and September 10, 2012 respectively. They will be based at the Montréal head office.
"I'm confident that the solid experience Michel and Kevin bring, their insight and initiative will be valuable assets to Standard Life as we continue to focus on providing innovative retirement and investment solutions to our customers," said Charles Guay, President and CEO.
Michel Fortin joined Standard Life in 1987. In the newly created role, he will oversee the development and implementation of the company's whole suite of products and services, pricing and marketing communications. Most recently, he was Vice-President, Business Opportunities and Pricing for the retail and pension products. Mr. Fortin has also played a significant role in the development and marketing of retail investment products. He holds a Bachelor's degree in actuarial science from Laval University (Québec City) and has been a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries since 2000.
Kevin Powers has extensive experience in the financial services industry. Previously, he was Chief Financial Officer for RBC Dexia in London, England where he was responsible for financial and treasury activities, including operational financial processes, accounting and reporting, procurement, real estate and taxation. Mr. Powers also held several senior positions in financial institutions in Montréal and Toronto.
Born in Montréal, Mr. Powers is a chartered financial analyst (CFA). He holds a Master of Science degree in Administration and a Bachelor of Commerce Degree from Concordia University (Montréal).
About Standard Life
Standard Life plc is a leading long-term savings and investment company headquartered in Edinburgh, Scotland. Standard Life has around 6 million customers worldwide and operates in the United Kingdom, Europe, North America and Asia Pacific, and globally with Standard Life Investments Ltd.
In Canada, Standard Life has been doing business for almost 180 years. Standard Life Financial Inc., which wholly owns The Standard Life Assurance Company of Canada and Standard Life Mutual Funds Ltd., is Standard Life plc's largest operation outside the UK. With about 2,000 employees, it provides long-term savings, investment and insurance solutions to more than 1.4 million Canadians, including group benefit and retirement plan members.
As of March 31, 2012, Standard Life plc had C$330 billion in assets under administration, including C$42 billion in Canada through Standard Life Financial.
Image with caption: "Michel Fortin, Senior Vice-President, Marketing and Customer Solutions at Standard Life. (CNW Group/STANDARD LIFE)". Image available at: http://photos.newswire.ca/images/download/20120802_C4576_PHOTO_EN_16604.jpg
Image with caption: "Kevin Powers, Senior Vice-President, Finance and Strategy at Standard Life.(CNW Group/STANDARD LIFE)". Image available at: http://photos.newswire.ca/images/download/20120802_C4576_PHOTO_EN_16602.jpg
SOURCE: STANDARD LIFE
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