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11/07

Old Mutual Wealth appoints Iain Wright as chief risk officer

Old Mutual Wealth, one of the UK’s largest wealth management businesses, announces the appointment of Iain Wright as chief risk officer.

Iain will be responsible for the governance and oversight of strategic, operational and financial risks to the Old Mutual Wealth businesses. His role was approved by the FCA on 5 July and he will report to Paul Feeney, CEO of Old Mutual Wealth.

Iain Wright joins Old Mutual Wealth from Sun Life Financial where he was senior vice president, enterprise and operational risk, having previously been chief risk officer at Prudential UK & Europe. He began his career as a chartered accountant with Deloitte, and later moved to the London Stock Exchange where he carried out a number of roles, including head of equity and debt markets.

When the Financial Services Authority was formed in 2000, Iain formed part of the leadership team, heading up the supervision of major insurance groups.

Kevin Lee-Crossett, who previously held the joint role of chief risk officer and chief legal officer, will move to chief legal officer, responsible for the legal functions of the expanded Old Mutual Wealth business.

Commenting on the appointment, Paul Feeney, CEO of Old Mutual Wealth, said:

“I am delighted to welcome Iain to Old Mutual Wealth as chief risk officer. His vast risk and compliance experience across the sectors in which we operate will be invaluable as we take Old Mutual Wealth to the next stage in its development. His appointment further strengthens our executive management team.”

Iain Wright


Iain Wright said:

“I am pleased to be joining Old Mutual Wealth at an exciting time for the business and I am looking forward to playing my part in its future success.”

 

 

For more information contact

Tim Skelton-SmithOld Mutual Wealth02380 916 99807824 145 076tim.skelton-smith@omwealth.com

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 & Italy* 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 £119 billion in customer investments (as at 30 September 2016).

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 customers across the world and has a total of £342.7 billion assets under management (as at 30 June 2016).

*Old Mutual Wealth announced the sale of Old Mutual Wealth Italy to Ergo Italia on 9 August 2016. The transaction is pending completion.

This press release is for journalists only and should not be relied upon by financial advisers or customers. Investments may fall or rise in value and investors may not get back what they put in.