Paul Feeney, CEO of Old Mutual Wealth, comments: “Today’s announcement is a clear endorsement of our vertically integrated strategy and the strength and readiness of our business for the next stage of our corporate journey. By putting customer needs at the heart of our business strategy, we are transforming into an award-winning, next generation wealth management business. Old Mutual Wealth is a purpose-led, responsible business, building simple end-to-end solutions for real customer needs, accountable for helping create prosperity for the generations of today and tomorrow.”
Commenting on the result of the EU Referendum, Paul added: “What the landscape will look like when the UK extracts itself from the EU is far from clear. It is our expectation that the outcome of the EU Referendum vote will continue to drive increased levels of market volatility. Our focus is on our customers, on managing their assets and helping them navigate through these uncharted waters. We will not lose our focus on this task.”
*Readers should read this release in conjunction with the full Old Mutual plc regulatory news release, which is available on http://www.oldmutual.com/media/news/index.jsp.