Edinburgh-based investment giant Standard Life Aberdeen (SLA) on Monday announced the appointment of Noel Butwell as CEO of Standard Life Savings.

Butwell’s responsibilities encompass Standard Life’s platforms, advice and savings businesses.

Butwell will report to Martin Gilbert, vice chairman of Standard Life Aberdeen.

Standard Life Savings’ two main platforms are Wrap and Elevate.

Assets under administration across both total £57.6 billion and over 3,500 advisers use the platforms to help them manage the wealth of over 425,000 clients.  

In advice, 1825 is Standard Life’s wholly owned financial planning and advice business with a number of regional offices across the UK.

1825 recently announced the acquisition of Grant Thornton’s wealth advisory business.

Butwell said: “I am delighted to have been appointed chief executive of Standard Life Savings.

“I have worked for SLA for 16 years and throughout this time my primary focus has been building enduring relationships with financial advisers as we work together to meet the needs of their clients.

“Standard Life is at the forefront of helping the UK population achieve their financial goals and through continuing to invest in the business we will build on the excellent propositions, products and services we offer.”