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10/03

Peter Mann announces his retirement from Old Mutual Wealth

Peter Mann, vice-chairman of Old Mutual Wealth, today announces his intention to retire from the Group and pursue new challenges outside of the company. Peter has been with Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, for 12 years, arriving in 2001 when the Group acquired Bankhall where Peter was CEO. Peter has since held a number of positions in the business including CEO Skandia UK and vice-chairman Old Mutual Wealth.

Peter Mann, Vice Chairman, Old Mutual WealthCommenting 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.

For more information contact

Tim Skelton-SmithOld Mutual Wealth02380 916 99807824 145 076

Notes to Editors:

Old Mutual Wealth

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

It has an adviser and customer offering spanning:

  • Financial advice delivered by the Intrinsic network in the UK and AAM Advisory in Singapore
  • Platform based wealth management and protection products delivered by Old Mutual Wealth in the UK & Italy* and Old Mutual International globally
  • Asset management solutions delivered by Old Mutual Global Investors
  • Discretionary investment management delivered by Quilter Cheviot.

Old Mutual Wealth oversees £119 billion in customer investments (as at 30 September 2016).

Old Mutual Wealth is part of Old Mutual plc a FTSE 100 group that provides life assurance, asset management, banking and general insurance. Old Mutual is trusted by more than 19.4 million customers across the world and has a total of £342.7 billion assets under management (as at 30 June 2016).

*Old Mutual Wealth announced the sale of Old Mutual Wealth Italy to Ergo Italia on 9 August 2016. The transaction is pending completion.

This press release is for journalists only and should not be relied upon by financial advisers or customers. Investments may fall or rise in value and investors may not get back what they put in.