Commenting on his decision Peter said: “In October of last year I agreed to take on the role of vice-chairman to support Paul Feeney and the rest of the management team in our exciting journey to move from the best investment platform in the UK to the best investment business. Following the launch of our WealthSelect product range, the acquisition of Intrinsic and the arrival of key new talent I am confident that journey is well underway. There is a strong team in place to take the business forward. The time has come for me to say goodbye to colleagues in this business and to explore new challenges elsewhere.”
Paul Feeney, CEO of Old Mutual Wealth, said: “We are very sorry to see Peter go and we will always be grateful for his significant contribution. We have been proud to have him as a part of our team for so long. Peter is held in high regard not only by this business, but within the industry as a whole, and I know we shall continue to enjoy his interest and his regard as he moves on to tackle new challenges.”
Peter will stay with the business until the mid-year to ensure a smooth hand over of his responsibilities.