Sandy Crombie Explained

Sir Sandy Crombie
Birth Name:Alexander Maxwell Crombie
Birth Date:8 February 1949
Birth Place:Fife, Scotland
Nationality:British
Occupation:Businessman

Sir Alexander Maxwell "Sandy" Crombie (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]

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. 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] 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, 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]

Notes and References

  1. News: Sir Sandy Crombie becomes shareholders' voice at RBS. The Guardian. 22 May 2009 . 29 March 2014 . Wearden . Graeme .
  2. Web site: Sandy Crombie joins LendingCrowd as chairman. 2018-10-01. Finextra Research. en. 2020-04-28.
  3. News: Sandy Crombie: Memo to Sir Alex - how to stay mum when the referee moves the goalposts . 1 January 2020 . The Independent . 28 August 2005.
  4. Web site: 2004-01-14. New chief in Standard Life shake-up. 2020-06-26. The Independent. en.
  5. Book: Moss, Michael S.. Standard Life, 1825-2000 : the building of Europe's largest mutual life company. 2000. Mainstream Pub. 1-84018-290-3. 319, 330. 43376705.
  6. Book: Moss, Michael S.. Standard Life, 1825-2000 : the building of Europe's largest mutual life company. 2000. Mainstream Pub. 1-84018-290-3. 360. 43376705.
  7. Web site: Brooksbank2004-01-14T03:27:00+00:00. Daniel. Standard Life Investments' CEO to head parent. 2020-06-26. IPE. en.
  8. Web site: 2002-06-27. Crombie succeeds Rough at ABI. 2020-06-26. www.professionalpensions.com. en.
  9. Web site: Leslie. Miles Costello and Georgina. Lumsden quits Standard Life amid pressure to float. 2020-06-26. www.fnlondon.com. en-GB.
  10. Web site: Historic Cockburn Association Office-Bearers.
  11. Web site: Sir Alexander Maxwell Crombie FRSE . The Royal Society of Edinburgh. 2018-03-14. en-GB.