CEO of Standard Life Bank quits

After seven years at the helm of Standard Life Bank, Anne Gunther last week revealed she is stepping down as chief executive officer.

She will leave on February 27 and will also quit her roles as CEO of Standard Life Healthcare and managing director of UKFS Customer Relationship Development.

For the past year, Standard Life Bank has had a strategy of reducing its lending. As a result its gross lending for 2008 was down 70% year-on-year, at £1.1bn.

Alan Dring, who was head of sales at the bank until 2005, says: “I thought Gunther might have left 18 months ago. She will no doubt do other things as the market allows.”

A spokesperson for Standard Life Bank says: “Now she has largely achieved what she set out to do, Gunther has decided to spend more time on other interests.”