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"As leaders in the group savings and retirement marketplace, and indeed in the entire group solutions market, we will continue to grow through strengthened relationships and by offering innovative solutions," said Joseph Iannicelli, President and Chief Executive Officer. "Based on some 30 years of solid experience in insurance and financial services, Claude is best suited to carry out this mandate."
Claude Leblanc is well known in the industry as a passionate leader with a vast knowledge of the business and an impressive track record with leading organizations in Canada. He has demonstrated his leadership in such areas as e-commerce, market development, compensation and talent development, and has repositioned companies to achieve profitable growth.
Mr. Leblanc graduated from HEC Montréal with a Bachelor's degree in Business Administration and later completed sessions at Harvard University's High Potentials Leadership Program. He sat on the board of directors of the Quebec chapter of the Canadian Pension and Benefits Institute for a number of years, and was its national conference chair in 2006.
Mr. Leblanc replaces Anthony Cardone, who has been appointed Senior Vice-President, Corporate Strategy, Communications and Public Affairs. Mr. Cardone will head corporate strategy for the Canadian operations, leading the development and implementation of Standard Life of Canada's strategic business plan. He will lead the direction and business strategies that support the evolution of Standard Life's global strategies. Mr. Cardone will also play a pivotal role in building Standard Lifes' brand image and value proposition as a leading financial services provider in the Canadian marketplace.
"Over the last four years, Anthony has successfully led the turnaround of our Group Savings and Retirement division, driving increased value for our customers and strengthening our position in this very competitive market," added Mr. Iannicelli. "He has established an excellent foundation, which Claude and his team will continue to build upon in the coming years."
About Standard Life
In 2008, Standard Life, the first life insurance company to transact business in Canada, marks its 175th year of operations. With 10,000 employees globally, Standard Life plc is a major international financial services group headquartered in Scotland. It provides asset-managing services for retirement, investment and protection to some 7 million customers globally and has C$330 billion in assets under administration. It has offices in the United Kingdom, Canada, Ireland, Germany, Austria, India and China, including Hong Kong.
The Standard Life Assurance Company of Canada is Standard Life plc's largest operation outside the U.K., with 2,000 employees based in Montreal and across Canada, serving more than 1.3 million Canadians, including group insurance and pension plan participants. (www.standardlife.ca)
Standard Life plc has approximately 1.5 million shareholders worldwide, including approximately 14,000 institutional and individual shareholders in Canada. It has been trading on the London Stock Exchange since The Standard Life Assurance Company demutualized in 2006. Standard Life plc is listed on the FTSE 100, Europe's largest index, and on the FTSE4Good Index, which identifies companies adhering to globally recognized corporate responsibility standards. (www.standardlife.com)
SOURCE: STANDARD LIFE
Ann-Marie Gagné, Standard Life, (514) 499-7999, ext. 4600, ann-marie.gagne@standardlife.ca
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