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Andy Pomfret has been appointed to the Board of Old Mutual Wealth Management Ltd.  Andy will help the company develop its growth strategy as the leading retail investment business in the UK. He will chair the Audit Committee of Old Mutual Wealth, and will join the Board Risk and Remuneration Committees.

Andy brings with him a wealth of experience of the financial services industry as well as proven non-executive expertise. He is currently non-executive director of Graphite Enterprise Trust PLC and Aberdeen New Thai Investment Trust PLC.

Until February 2014 he was chief executive officer at Rathbone Brothers Plc a position he had held for 10 years, prior to which he had been group finance director since 1999. Prior to Rathbone Brothers he spent 13 years at Kleinwort Benson, latterly as finance director of its investment management and private banking division.

Between 2003 and 2011, in addition to his executive directorship at Rathbones he was on the Board of specialist insurance company Beazley plc where he chaired the Audit Committee for six years and then the Remuneration Committee. He was also the senior independent director.

In addition to Andy Pomfret, the Board of Old Mutual Wealth now comprises the following non-executive directors:

Simon Davies, chairman of the JP Morgan Overseas Investment Trust and chairman of Square Mile Investment Consulting and Research - previously chairman and chief executive officer at Threadneedle

Charlie Eppinger, founder of IFDS - previously chief executive and chairman of Cofunds

Jane Hanson, non-executive director at Direct Line Insurance Group plc and chairman of Reclaim Fund Ltd - previously risk and governance director at Aviva

Lord Sandy Leitch, chairman of BUPA - previously chief executive of Zurich Financial Services, chairman of Scottish Widows and deputy chairman of Lloyds Banking Group plc

Paul Feeney, chief executive of Old Mutual Wealth, comments:

“Andy has unrivalled breadth of experience in our sector as a successful CEO and finance director. He also has experience as a non-executive director and audit committee chair. He helped grow Rathbone Brothers from £7bn to £22bn funds under management in his ten years as chief executive and I am delighted to have someone with that experience and proven ability join our Board.”

For more information contact

Tim Skelton-SmithOld Mutual Wealth02380 916 99807824 145

Notes to Editors:

About Quilter plc:

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

Quilter plc oversees £118.4 billion in investments (as at 30 June 2019).

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

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

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

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

The Quilter plc businesses are being re-branded as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Charles Derby Group (becoming Quilter Financial Advisers)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.