Old Mutual Wealth has announced a number of significant business developments recently including the acquisition of Intrinsic, the launch of WealthSelect and today’s announcement about the acquisition of Henderson’s 50% stake in the Cirilium proposition. To support and build on this growth, Old Mutual Wealth is further expanding is distribution function. Stewart will report to Steven Levin, global head of distribution at Old Mutual Wealth, and will form part of the senior distribution team looking at business development and growth opportunities, whether they be organic or through joint ventures, mergers or acquisitions.
Stewart is currently managing director, distribution at Henderson Global Investors which he joined from New Star where he was joint managing director of the retail investment business which he helped to found. Prior to this, Stewart has held a number of senior positions in retail investment, general and life assurance companies. Stewart is expected to join Old Mutual Wealth in mid-August, once a handover of his current responsibilities has been completed.
Steven Levin, global head of distribution at Old Mutual Wealth, comments:
“We believe our integrated customer proposition, encompassing advice, investment solutions and tax efficient products has huge potential for growth in all our markets. Stewart brings a huge amount of experience with him and will form an important part of the senior distribution team responsible for seeking out new growth opportunities and ensuring we are delivering a first class proposition to advisers and customers.”
Stewart Cazier, comments:
“This is a very exciting time to be joining Old Mutual Wealth. It has great products, strong asset management and is investing in advice. These are all the components of a great customer proposition and I am very much looking forward to being part of its next stage of growth.”