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Paul Evans promoted to Head of Region for Old Mutual International in the UAE

19/04/2017

Old Mutual International, part of Old Mutual Wealth, announces Paul Evans as the new Head of Region for the Middle East and Africa. Paul will take over responsibility for leading the distribution team in the region from Brendan Dolan, who was recently promoted to Sales Director for Old Mutual International.

Paul EvansPaul Evans has been with Old Mutual International for over 16 years, the last 10 years have been in the Dubai office. Paul has gained a strong understanding of the local region during this period, and has developed many key distributor relationships. More recently Paul has led the development and support of Old Mutual International’s banking relationships in the region.

In his new role, Paul will focus on growing and developing Old Mutual International’s reach in the Middle East and Africa. He will look to strengthen relationships with key distribution partners in the region, both financial advisers and banks, and continue Old Mutual International’s strategic focus on the high net worth channel.

Priyanka Roy will replace Paul Evans as Area Sales Manager for the Middle East. Priyanka has been with Old Mutual International in the Middle East for over two years as a sales consultant focusing on developing relationships with Banks. She has over 12 years industry experience, with a proven track record of developing distributor relationships and delivering exceptional support.

Priyanka will report to Paul, and Paul will report to Brendan. In his role as Sales Director, Brendan will continue to be involved in the Middle East, but will also cover Europe, Singapore and Hong Kong.

Brendan Dolan, Sales Director, Old Mutual International, comments:

“I am delighted to make these appointments, and it is testimony to the quality of our business that we can attract, retain and develop such great talent. This is an exciting time for our business in the region, with so much regulatory change afoot, advisers need increasing support from us and a proposition that helps them deliver positive outcomes for their clients.”

For more information contact

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