Ex-Standard Life boss Campbell linked to Woodford chair vacancy

Former Standard Life director Marcia Campbell is rumoured to be set to be announced as the new chair of Woodford Investment Management.

Ms Campbell, who left Edinburgh-based Standard Life - where she was group operations director - in 2010 after two decades at the firm and has since held roles with Ignis Asset Management and Scottish Green Investment Advisory Board.

She still lives in Edinbugh and is currently has non-executive roles with Canada Life, Murray International Trust, CNP Assurances and Sainsbury’s Bank, and is also a member of Aviva’s independent governance committee.

A spokeswoman for Woodford said an announcement on its next chair will be made “shortly”, but has no confirmed if Ms Campbell would be the next chair of the oversight board.

The new chair will replace Mary Reilly who has been a member of the firm’s board since it was established two years ago, after star manager Neil Woodford branched off from Invesco.

In a statement, a Woodford spokeswoman said: “We will shortly be announcing the appointment of a new chairman to our oversight board, who will replace outgoing chair Mary Reilly.

“Mary has stepped down from the role to scale down her non-executive commitments, some of which are overseas, and is working with us to ensure a smooth transition.

“We would like to thank Mary for the crucial role she has played since launch in developing our procedures and processes.”