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10/06/2014

Skandia, part of Old Mutual Wealth, today announces Gower Wisdom has been appointed as product director. 

In his new role, Gower will be responsible for developing Skandia’s customer proposition, including product and pricing strategy for its UK, International and Continental Europe business. His focus will be developing new products and enhancing existing products to ensure they continue to deliver value to financial advisers and customers. A particular focus will be the development of the new retirement income proposition following the proposed changes announced in the Budget 2014.

Gower has worked with Skandia since 2011, most recently as head of protection product & pricing. He has been heavily involved in the development of Skandia’s protection proposition and managed the launch of its new high quality critical illness product in April last year. He has worked at Old Mutual group for a total of 10 years with roles in various parts of the business including product, finance and risk management.

Gower will report to Carlton Hood, customer solutions director at Old Mutual Wealth. 

Carlton Hood comments:

“We believe that customers need three principle elements to help them secure their financial future – the best financial advice, relevant managed investment portfolios and tax-efficient product solutions.  Gower will be responsible for developing the range of solutions we offer and ensuring they form part of an integrated proposition that adds value to financial advisers and is based on an understanding of different customer needs. Gower has extensive knowledge of our business and an exceptionally sharp mind, I am confident he and his team will excel in the new role.”

Gower Wisdom comments: Gower Wisdom
“I am really excited to be taking on the role of product director at such an exciting time for the business. The acquisition of Intrinsic and the launch of our new WealthSelect managed portfolio service, combined with our existing products give us a great springboard for growth. I look forward to developing products that support this growth and our strategy of becoming the UK’s best retail investment business.”

For more information contact

Amelie ShepherdOld Mutual Wealth02380 916 09107834 499 596
Sophie LentonOld Mutual Wealth02380 916 77007834 499 558

Notes to editors:

Quilter is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

On a ‘go forward basis’, Quilter oversees £ 111.6 billion in customer investments (as at 31 March 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset and single strategy investment solutions; and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Old Mutual Wealth’s multi-asset investment solutions business.

The Quilter businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual:

  • Intrinsic to Quilter Financial Planning
  • Private Client Advisers to Quilter Private Client Advisers
  • The Multi-Asset business to Quilter Investors
  • The UK Platform to Quilter Wealth Solutions
  • The International business to become Quilter International
  • The Heritage life assurance business to Quilter Life Assurance
  • Quilter Cheviot will retain its name.

On 19 December 2017, Old Mutual Wealth announced that it has agreed to sell its Single Strategy asset management business to the Single Strategy Management team and funds managed by TA Associates. The proposed transaction is subject to customary closing conditions, including regulatory approvals. 

Quilter is part of Old Mutual plc, a FTSE 100 group that provides investment, savings, insurance and banking. For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutualplc.com.

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