Share
Print
Print Share

Old Mutual Wealth bolsters leadership team Steven Braudo to join as Chief Operating Officer

06/05/2016

Old Mutual Wealth announces the bolstering of its Executive Committee with the appointment of Steven Braudo as Chief Operating Officer (‘COO’), effective 1 June 2016.  This appointment is subject to regulatory approval.

Steven brings significant senior management and strategic experience to Old Mutual Wealth, which will be pivotal as the business prepares for the next phase of its corporate journey.  Reporting to Paul Feeney, CEO, Steven will be a key member of the executive leadership team, supporting the running of the broader business and contributing to the future strategic direction of the business. 

Steven has spent over 23 years working in the South African financial services industry, fulfilling many executive management roles, including roles with UK and global wealth management responsibilities.  He joins Old Mutual Wealth from Standard Bank Wealth where he has been CEO since 2015.  Prior to Standard Bank Wealth, Steven worked for Liberty Holdings Limited from 2008 in a number of subsidiary positions, before becoming Deputy CEO of Liberty Holdings itself in 2013.  Steven also brings main board governance experience having been appointed to the Liberty Board of Directors in 2013.

Paul FeeneyPaul Feeney, CEO of Old Mutual Wealth, comments:  “I am delighted that Steven has agreed to join us.  His wealth of general management experience will be invaluable to our leadership team.  Our goal is to continue to build on the strategy that has helped us transform our business over the last four years.  To enable this momentum to continue, our focus will be on ensuring that our vertical integration model is robust, that it drives further collaboration between the individual Old Mutual Wealth businesses and that its value is realised for the benefit of our customers.  Steven’s experience will be pivotal in helping us achieve this goal.” 

As a result of the broadening scope of the COO’s responsibilities, Paul Penney has decided to leave the business later in the year.  Old Mutual Wealth would like to thank Paul for his significant contribution over the last four years, as well as his continued support through this period of transition.

 

 

For more information contact

Vee MontebelloOld Mutual Wealth020 7778 9550vee.montebello@omwealth.com

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.