Standard Life, which announced an annual profit of £919m this week, will continue to cut costs through IT efficiencies, as technology moves up the corporate agenda at the Edinburgh-based insurance company.
Standard Life has appointed Christian Torkington as IT and operations director, in a move that gives the IT head more influence at a corporate level.
"This is an executive position, whereas the previous head of IT was not," said a company spokeswoman.
Strategies to automate processes and outsource software development have helped the company cut costs by £47m in 2009.
The spokeswoman said a large part of these savings come from Standard Life's software development agreement with Indian supplier L&T Infotech.
The company has also announced a doubling of investment to £200m, and IT will be a major beneficiary.
Torkington was previously COO at RSA Insurance Group and has held senior operational, IT and risk roles within Scottish Widows and Barclays Bank.