Standard Life has appointed Charles Guay to the role of president and chief executive officer of Standard Life Canada. He is currently senior vice-president, strategies, marketing and investment solutions, wealth management with National Bank of Canada, and president and CEO, National Bank Securities.
Guay will replace Joseph Iannicelli, who announced in May that he would be leaving Standard Life, and will begin as CEO Feb. 1, 2012. Guay will be based at the group’s Canadian head office in Montreal.
“Standard Life has a proud heritage in Canada and I’m delighted to have been asked to lead the company,” said Guay. “We have a big opportunity for the business thanks to the investment that Standard Life has made in the Canadian market. Standard Life Canada has repositioned as a long-term savings and investments company, has a strong and expanding distribution capability, and is part of a financially strong group. I also believe that Standard Life is well placed for forthcoming regulatory change such as pooled registered pension plans. I am confident that Standard Life is ideally positioned to help Canadians save and invest for their long-term future.”