Skandia International rebrands to Old Mutual International
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Skandia International rebrands to Old Mutual International

22/12/2014

Skandia International, including Royal Skandia, today rebrands to Old Mutual International in all markets around the world. This completes the rebrand of the Skandia businesses to Old Mutual.

Mutual Wealth integrated model, which consists of:

- Intrinsic and AIVA which offer financial advice in the UK and Latin America respectively

- Old Mutual Wealth, the platform operator and life company in the UK

- Quilter Cheviot, the investment manager providing bespoke portfolios

- Old Mutual Global Investors, the asset manager providing high quality funds and packaged investment solutions

Old Mutual International offers offshore bonds and investment solutions globally via offshore jurisdictions in the Isle of Man and Dublin. It will continue expanding its integrated customer proposition during 2015 and beyond, and already has an exclusive distribution agreement with AIVA in Latin America and its offshore bond is part of Intrinsic’s panel in the UK. In addition, it is preparing to launch a researched fund range utilising the investment expertise of Old Mutual Global Investors and will be looking at the possibility of exporting the investment management capability of Quilter Cheviot once that acquisition completes in early 2015.

With innovative new solutions such as Wealth Interactive, Old Mutual International is investing heavily to help support financial advisers in all its markets. Wealth Interactive takes platform technology to a new level in the international market, providing better online processing, enhanced flexibility, and is transforming the way Old Mutual International interacts with advisers.

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

“Becoming Old Mutual International is an important milestone. We are committed to building a strong cross-border investment business under the Old Mutual brand that will offer financial advisers and their clients new investment solutions, utilising the skills and resources we have invested in over recent years. Wealth Interactive gives us a solid platform for growth and we will be investing in the Old Mutual brand in all our markets to support advisers recommending our products to their clients.”

For more information contact:

Sophie LentonOld Mutual Wealth+44 (0)2380 916770+44 (0)7834 499558

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 £116.5 billion in customer investments (as at 30 June 2018).

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: 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 the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• Private Client Advisers to Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

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.