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Old Mutual International creates head of distribution development

18/12/2015

Old Mutual International, part of Old Mutual Wealth, has created a new head of distribution development role to focus on supporting, evolving and strengthening the international adviser market through regulatory and business transformation. 

There is increasing demand from financial advisers in a number of markets for support to help them transition their business and adapt to changing regulation and customer needs. Regulation is the biggest driver of change in many regions, and advisers need to stay ahead if they are to grow and prosper in the new world.

 

Mike Leeson will move back to the UK from his current role as head of sales in Hong Kong and NE Asia to take on the new head of distribution development role. Mike will work across the international business leading transformation activities in support of Old Mutual International’s strategy and forthcoming regulatory changes. He will also have responsibility for managing relationships with global key accounts.

 

Mike has been a senior member of the distribution team in Hong Kong for the past eight years, being head of sales for the last five. During this time, Mike has been responsible for building a strong team, growing the business, and navigating it through periods of significant regulatory change. Prior to moving to Hong Kong, Mike was with Old Mutual Wealth in the UK for nine years.

 

Mark Christal will increase his responsibilities to become head of region NE Asia and CEO Hong Kong. Mark has been in Hong Kong for 11 years and has over 20 years’ experience in the business.  As general manager in Hong Kong, Mark’s current role has responsibility for the Hong Kong business and he already works closely with advisers in the region.  The continued close working relationship between Mike and Mark, together with the strength of the existing distribution team, will make it easier for Mark to take the business forward into 2016.

 

Marcel Bradshaw, sales director, Old Mutual International:

 

“We want to lead the way in helping international advisers transition and evolve their business models for the future. Mike’s knowledge of the international business and his passion for supporting advisers and raising the bar for customers makes him an ideal candidate for this role.

 

“I am pleased Mark Christal is stepping in to take full responsibility for the NE Asia region and building on his Hong Kong responsibilities. He has great leadership qualities combined with expert knowledge of the market and the needs of the local advisers. Mark and Mike have worked closely together in Hong Kong for a number of years, which will ensure a smooth handover as they transition to their new roles.” 

For more information contact:

Sophie Heywood (Lenton)  
Corporate Communications Manager | Old Mutual Wealth

M: +44 (0)7834 499 558

T: +44 (0)23 8091 6770 | Ext: 21770
E: sophie.heywood@omwealth.com | W: www.oldmutualwealth.co.uk

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 £118.1 billion in customer investments (as at 30 September 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; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, 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

• The private client advisers business is now 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.