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Pension industry veteran Adrian Walker to retire - Old Mutual Wealth hires Ian Browne

08/12/2016

After more than 27 years at Old Mutual Wealth, Adrian Walker will retire at the end of the year. He will be replaced by Ian Browne, who will take over as Head of Retirement Proposition Marketing in January.

Adrian has been at Old Mutual Wealth since October 1989. Over the past 27 years he has been responsible for the development of the company’s retirement proposition for advisers and clients.

Ian Browne joins Old Mutual Wealth from Axa Life Invest where he has been for the past two years. Most recently he was the group’s UK Propositions Manager and Pension and Regulatory Specialist. Before Axa he worked as a Product Proposition Manager for Sun Life Financial Canada and a Technical Support Consultant for Ecclesiastical Insurance Group.

Adrian WalkerAdrian Walker said: “Over the past 30 years the pensions industry has been subject to a huge quantity of changes. However, looking back to when I started, the landscape doesn’t look that different from where we are now. The continual tinkering with rules under the name of pension simplification has resulted in politicians breaking long term commitments regarding the future structure of pension saving, leaving customers and advisers confused. We need a time of stability and I would like to see fewer changes for an extended period of time.

“As for me, I’m looking forward to a period of travel and golf, but no one really retires anymore. I doubt I’ll be an exception to the trend and expect that I’ll still be contributing to the industry over the next few years.”

Ian Browne added: “I’m pleased to be invited to join Old Mutual Wealth. This is an exciting time for the business and for the pension industry. Old Mutual Wealth is known for its great work with the adviser community. I look forward to working with Jon Greer and the pensions specialists across the business to contribute and continue that effort.”

For more information contact

Tim Skelton-Smith
02380 916 998
07824 145 076
tim.skelton-smith@omwealth.com

Michael Glenister
020 7778 9638
07469 144535
michael.glenister@omwealth.com

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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