Crombie new Standard Life CEO as Lumsden goes

Standard Life has unexpectedly parted company with chief executive Iain Lumsden after less than two years.

Wed, 14 Jan, 2004 - 14:25

Standard Life has unexpectedly parted company with chief executive Iain Lumsden after less than two years.

Europe's largest mutual insurer, has also announced that it is to raise £750m (€1,085.97m) of new capital and confirmed it was ready to abandon its commitment to mutual ownership.

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