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Old Mutual International appoints Steve Hickman as new head in Singapore

07/05/2015

Old Mutual International today announces the appointment of Steve Hickman as Head of Region & Chief Executive Officer in Singapore & South East Asia. Old Mutual International, part of Old Mutual Wealth, is firmly focused on the Asian market and believes there are real growth opportunities in the local market, particularly in the high net worth segment.

Steve Hickman joined Old Mutual International in September 2013 as the global head of high net worth for Asia, and has been instrumental in leading the high net worth proposition in Asia. During this period, Old Mutual International expanded its presence in Asia by entering into a strategic partnership with Jardine Lloyd Thompson Asia (JLT), one of the largest brokers in Asia. It also launched an innovative new life cover solution, called Silk, to meet the needs of high net worth individuals and businesses in Asia.

Steve has over 20 years’ experience in the insurance industry, having worked in Asia for the last 11 years. Steve previously worked at HSBC in Hong Kong, where he was head of distribution for high net worth business. Prior to HSBC, Steve worked for American International Assurance in Hong Kong, where he redesigned the high net worth brokerage channel. 

Marcel Bradshaw, sales director, Old Mutual International;

“Steve Hickman has considerable experience of the Asian market, which he will be able to draw upon to drive the Old Mutual International strategy forward and ensure we continue to provide first class products and service to advisers and clients in the region.”

Portrait of Steve HickmanSteve Hickman;

“This is an exciting time for Old Mutual International in Asia. The high net worth sector in the region is growing rapidly and my responsibilities in that area will remain.  Our new innovative Silk solution combined with our existing portfolio bonds ensures we have the right solutions for clients and I’m looking forward to working with advisers in the region.”

For more information please contact

Sophie LentonOld Mutual International 02380 916 77007834 499 558

Notes to editors:

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

On a ‘go forward basis’, Quilter oversees £ 111.6 billion in customer investments (as at 31 March 2018).

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.

The Quilter businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual:

  • Intrinsic to Quilter Financial Planning
  • Private Client Advisers to Quilter Private Client Advisers
  • The Multi-Asset business to Quilter Investors
  • The UK Platform to Quilter Wealth Solutions
  • The International business to become Quilter International
  • The Heritage life assurance business to Quilter Life Assurance
  • Quilter Cheviot will retain its name.

On 19 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. 

Quilter is part of Old Mutual plc, a FTSE 100 group that provides investment, savings, insurance and banking. For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutualplc.com.

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