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Old Mutual Wealth strengthens its technology and change team - Leon Deist appointed as Chief Information Officer

18/10/2016

Old Mutual Wealth announces the appointment of Leon Deist as Chief Information Officer, effective 1 December 2016.

Leon will assume responsibility for overseeing Old Mutual Wealth’s technology and change functions and will report to Steve Braudo, Chief Operating Officer.

Leon brings a wealth of industry experience to Old Mutual Wealth.  He will join the business from Liberty Group, South Africa, where he was responsible for that group’s technology transformation, digital strategy and shared service operations.  Prior to that, he was Director of Enablement at Virgin Money (SA) responsible for the technology build and outsourced operations, and a founding member of Arivia, a technology outsource service provider that managed some of the biggest outsource contracts in the country. 

Steve Braudo

 

Steve Braudo, COO, comments:

“As we prepare for managed separation from Old Mutual plc we are building the skills and capabilities we need for the future. This is an exciting time for our organisation and we need to ensure that our technology capability is organised and strengthened to be ready for our independent future.  Leon’s wealth of experience will enhance the strong team that we already have here.”

Leon Deist adds:

“I am delighted to be joining Old Mutual Wealth.  I am encouraged by the investment that the business is making in its technology transformation strategy.  I am very much looking forward to working with my new team.”

 

 

For more information contact

Tim Skelton-SmithOld Mutual Wealth02380 916 99807824 145 076tim.skelton-smith@omwealth.com
Michael GlenisterOld Mutual Wealth020 7778 963807469 144535michael.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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