The Skandia platform and protection products, as well as a range of Old Mutual Global Investors' funds will soon be available via Intrinsic’s selected panels.
Richard Freeman, chief executive of Intrinsic, joins the Old Mutual Wealth Executive Committee with immediate effect and Lord Sandy Leitch, non-executive chairman of Intrinsic, will be appointed to the board of Old Mutual Wealth Management Ltd as non-executive director.
Lord Sandy Leitch has extensive experience spanning life assurance, general insurance, banking, asset management and venture capital across Europe, Asia Pacific, Africa and the USA.
He is Chairman of BUPA, and has been CEO of Zurich UKISA, Chairman of Scottish Widows, Deputy Chairman of Lloyds Banking Group plc and Chairman of Threadneedle Asset Management. He was also chair of the Association of British Insurers.
In 2004, Lord Sandy Leitch was awarded a Life Peerage. He has become an important and recognised figure on skills, and in 2006 authored “The Leitch Review of Skills in the UK” – an independent review advising the UK Government on how to define the UK’s optimum skills mix in order to maximise economic growth and productivity.
At the same time, three members of Old Mutual Wealth’s Executive Committee have been appointed to the Intrinsic board as directors:
- Jeremy Charles, chief operating officer
- Steven Levin, global head of distribution
- Kevin Lee-Crossett, chief risk officer
Lord Sandy Leitch’s appointment will be subject to regulatory approval.
Paul Feeney, chief executive of Old Mutual Wealth, comments:
“The acquisition of Intrinsic is an important part of our integrated customer proposition that now covers financial advice, actively managed portfolios and wealth management products. We believe wealth management needs to be more accessible to customers and having 3,000 financial advisers as part of our business will help us deliver that.
“I am delighted to welcome Richard Freeman to our Executive Committee and excited that Lord Sandy Leitch will join the Old Mutual Wealth Management Ltd board. Sandy and Richard are highly respected business leaders who will add valuable insights and expertise to our Executive Committee and Board of Directors.”