Sandy Crombie

Last updated

Sir Sandy Crombie
Born
Alexander Maxwell Crombie

(1949-02-08) 8 February 1949 (age 75)
Fife, Scotland
NationalityBritish
OccupationBusinessman

Sir Alexander Maxwell "Sandy" Crombie FRSE (born 8 February 1949), is a British businessman, chairman of LendingCrowd, chairman of Amiqus Resolution, former chair of Creative Scotland, former non-executive director of Royal Bank of Scotland Group, and formerly the chief executive officer (CEO) of Standard Life, a FTSE 100 long term savings and investment business. [1] [2]

Contents

Early life

Crombie was born on 8 February 1949, [3] in Fife, Scotland. [4]

Career

Crombie was 17 when he joined Standard Life as a trainee actuary in 1966. [4] Through his career at Standard life he climbed the ranks, succeeding Jim Stretton as general manager (operations) in 1988, and was appointed general manager (investment and development) in 1994. [5]

As head of investment operations in the UK, Crombie assumed control over Standard Life Portfolio Management activities, the precursor to Standard Life Investments. [6] [4] By 1998, Crombie and Scott Bell were in discussions to create Standard life Investments as a separate brand, specifically to manage the company's investment activities, and he was appointed CEO upon its establishment. [7]

He was appointed head of the Association of British Insurers' investment committee in 2002. [8]

When Scott Bell retired in 2002, Crombie was appointed deputy CEO, [4] and, upon Iain Lumsden's retirement, Crombie took over as CEO of Standard Life, while continuing as CEO of Standard Life Investments. [9]

In 2010, Crombie became president of the Cockburn Association, Edinburgh's long-running conservationist charity. [10]

Honours and awards

In 2009, Crombie received a knighthood for services to the insurance industry in Scotland. [2] In 2018, he was elected a Fellow of the Royal Society of Edinburgh. [11]

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References

  1. ↑ Wearden, Graeme (22 May 2009). "Sir Sandy Crombie becomes shareholders' voice at RBS". The Guardian. Retrieved 29 March 2014.
  2. 1 2 "Sandy Crombie joins LendingCrowd as chairman". Finextra Research. 1 October 2018. Retrieved 28 April 2020.
  3. ↑ "Sandy Crombie: Memo to Sir Alex - how to stay mum when the referee moves the goalposts". The Independent. 28 August 2005. Retrieved 1 January 2020.
  4. 1 2 3 4 "New chief in Standard Life shake-up". The Independent. 14 January 2004. Retrieved 26 June 2020.
  5. ↑ Moss, Michael S. (2000). Standard Life, 1825-2000 : the building of Europe's largest mutual life company. Mainstream Pub. pp. 319, 330. ISBN   1-84018-290-3. OCLC   43376705.
  6. ↑ Moss, Michael S. (2000). Standard Life, 1825-2000 : the building of Europe's largest mutual life company. Mainstream Pub. p. 360. ISBN   1-84018-290-3. OCLC   43376705.
  7. ↑ Brooksbank2004-01-14T03:27:00+00:00, Daniel. "Standard Life Investments' CEO to head parent". IPE. Retrieved 26 June 2020.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. ↑ "Crombie succeeds Rough at ABI". www.professionalpensions.com. 27 June 2002. Retrieved 26 June 2020.
  9. ↑ Leslie, Miles Costello and Georgina. "Lumsden quits Standard Life amid pressure to float". www.fnlondon.com. Retrieved 26 June 2020.
  10. ↑ "Historic Cockburn Association Office-Bearers".
  11. ↑ "Sir Alexander Maxwell Crombie FRSE". The Royal Society of Edinburgh. Retrieved 14 March 2018.


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