Sandy Crombie

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]

Sir Sandy Crombie
Born
Alexander Maxwell Crombie

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

Early life

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

Career

Crombie was 17 when he joined Standard Life as atrainee 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]

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.[10]

References
  1. "Sir Sandy Crombie becomes shareholders' voice at RBS". The Guardian. Retrieved 29 March 2014.
  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. "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.
  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. "Sir Alexander Maxwell Crombie FRSE". The Royal Society of Edinburgh. Retrieved 14 March 2018.


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