Old Mutual Wealth today completes the acquisition of AAM Advisory, the leading expatriate adviser business in Singapore.

The acquisition of AAM Advisory demonstrates Old Mutual Wealth’s long-term commitment to the Singapore region and to the financial advice market.

AAM Advisory will continue to operate separately from Old Mutual Wealth’s existing businesses in the region, Old Mutual International and Old Mutual Global Investors.

Paul FeeneyPaul Feeney, CEO, Old Mutual Wealth:

“We see great potential in AAM Advisory which provides clients in Singapore with professional, competent and reliable advice. We have been working with AAM since 2009 and the speed at which this deal has completed is testament to the way our businesses are aligned with one another.

 “Our strategy is to develop a multi-channel advice business and grow deeper roots in our core markets. We remain committed to Singapore and to servicing the wider financial advice market.”

Matthew DabbsMatthew Dabbs, CEO, AAM Advisory:

“We are looking forward to being part of Old Mutual Wealth and benefiting from their financial strength, experience in supporting advice and distribution, and their in-house expertise in investment research which complements the success of AAM’s.   This is an exciting opportunity for our business and together we will continue to build a strong advisory business focused on providing positive solutions for our clients.”

Old Mutual Wealth has a strong presence in Asia, with Hong Kong and Singapore considered core growth markets for the business.

  • Old Mutual International has an established office in both Hong Kong (since 1991) and Singapore (since 2008) and is a market leader in its respective segments.
  • Old Mutual Global Investors has significant experience in the Asian market having been present in the region (Hong Kong) for over 12 years.

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: | W:

Notes to Editors:

Old Mutual Wealth

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.

It has an adviser and customer offering spanning:

  • Financial advice delivered by the Intrinsic network in the UK and AAM Advisory in Singapore
  • Platform based wealth management and protection products delivered by Old Mutual Wealth in the UK and Old Mutual International globally
  • Asset management solutions delivered by Old Mutual Global Investors
  • Discretionary investment management delivered by Quilter Cheviot.

Old Mutual Wealth oversees £127.3 billion in customer investments (as at 30 June 2017).

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

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 Old Mutual Wealth Management Limited, a Private Limited Company (Company Number 0604270), Old Mutual House Portland Terrace Southampton Hampshire SO14 7EJ.