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Skandia International appoints Marcel Bradshaw as sales director

20/11/2014

Skandia International, part of Old Mutual Wealth, has appointed industry leader Marcel Bradshaw as sales director. The appointment will further strengthen Skandia International’s position as the leading provider of international wealth planning solutions as it rebrands to Old Mutual International at the end of the year.

Marcel is currently managing director of Glacier International, the offshore division for the Sanlam Group. Marcel was instrumental in setting up Glacier International, and in less than five years has grown the business to R8bn (£460m) in assets, capturing approximately 15% market share of the cross-border flow in the South African market.

Marcel previously helped set up the Old Mutual International business in South Africa and was head of its sales team.

Marcel is an experienced industry leader with a proven track-record of establishing and growing businesses. He brings extensive experience in working across the full breadth of distribution channels and has a strong knowledge of international wealth management solutions.

Marcel will be responsible for all the sales and distribution activity of Skandia International, and will report to Steven Levin, global head of distribution. Marcel will be relocating with his family to London, and will be starting on 5 January 2015.

Steven Levin, global head of distribution at Old Mutual Wealth, comments:

“I am very excited that Marcel is joining us. Marcel is highly regarded by all those who know him, including those here at Old Mutual Wealth who remember him from his previous role heading up the Old Mutual International sales team in South Africa. His knowledge, experience and gravitas are second to none, and his leadership will help reinvigorate, challenge, and deliver growth in our international markets.”

For more information please contact:

Sophie Lenton Old Mutual Wealth 023 8091 677007834 499 558

Notes to Editors:

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.

Old Mutual Wealth oversees £131.3 billion in customer investments (as at 30 September 2017).

It has an adviser and customer offering spanning: Financial advice; investment platforms; multi-asset and single strategy 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 Old Mutual Wealth’s multi-asset investment solutions business.

Old Mutual Global Investors (‘OMGI’) is the asset management business of Old Mutual Wealth with £39.8bn funds under management (as at 30 September 2017). On the 19th December 2017, Old Mutual Wealth announced that it has agreed to sell its Single Strategy asset management business to the Single Strategy Management team and funds managed by TA Associates. The proposed transaction is subject to customary closing conditions, including regulatory approvals. 

Following managed separation from Old Mutual plc, Old Mutual Wealth will rebrand to Quilter plc. Each of the businesses within the Quilter Plc group will be rebranded over a two-year period, with the exception of Quilter Cheviot, which will retain its existing name.

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 (as at 31 December 2016) customers across the world and has a total of £212.3 billion of assets under management (as at 30 June 2017).

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These materials are not an offer to sell, or a solicitation of an offer to purchase, securities in the United States. The securities to which these materials relate have not been registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offering of the securities in the United States.

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