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Old Mutual Wealth appoints three additional Non-Executive Directors


Old Mutual Wealth announces the appointment of Rosie Harris, George Reid and Tim Tookey as independent Non-Executive Directors of the Old Mutual Wealth Board.  Rosie will become Chair of the Board’s Risk Committee in April 2017, George will join the Audit and Risk Committees and Tim will be Chair of the Board’s Audit Committee, both gentlemen joined the Board in February 2017. These appointments follow those of Moira Kilcoyne and Cathy Turner, who joined the Board in December 2016.

Glyn Jones, independent Non-Executive Chairman, comments:Glyn Jones

“I am delighted to announce three strong non-executive appointments to the Old Mutual Wealth Board.  Rosie, George and Tim between them bring an enormous depth and breadth of relevant industry and senior management experience, as well as FTSE 100 and other non-executive experience. These further appointments will help prepare the Old Mutual Wealth business for its managed separation from the Old Mutual Group.”

Rosie has extensive financial services industry executive and non-executive board level experience. During her 30 year career she has undertaken a broad range of general management and chief risk officer roles. Rosie is retiring from her role as Chief Risk Officer UK Life at Aviva plc, a position she has held since 2015 following Aviva’s acquisition of Friends Life. Prior to this, she was Group Chief Risk Officer at Friends Life plc from 2012-2015, undertook Chief Risk Officer and Managing Director roles at Lloyds Bank plc from 2009-2012, was Group Risk Director at Old Mutual plc from 2007 to 2009. Rosie also worked at Prudential plc from 1985 to 2007 where she undertook various senior roles before becoming UK Chief Operating Officer. Rosie is currently a Non-Executive Director of Tokio Marine Kiln’s International and Syndicates businesses, and has been Chair of the Board’s Risk Committee since 2015.

George started his career in 1987 undertaking various roles and overseas secondments with Price Waterhouse/Price Waterhouse Coopers. In 1999, he joined Standard Life where he spent seven years in various senior executive roles, including Group Chief Accountant and Financial Reporting Director for UK Life and Pensions. He returned to the accounting profession in 2006 and spent the next 10 years with Ernst & Young UK LLP.  Initially a Partner within the Financial Services Audit Practice, in 2015 he was appointed Managing Partner and EY’s Head of Financial Services for Scotland and UK regions, and made a member of the UK Firm’s Financial Services Board. In addition, George has been a Director of the Children’s Hospice Association Scotland since 2009.

Tim has worked at board level in financial services for over 20 years and has been responsible for managing a large number of significant business transformation and strategic projects, mergers and acquisitions. Most recently, Tim was Chief Financial Officer of Friends Life Group (2012-15). Prior to this his roles included six years at Lloyds Banking Group plc, including being Group Finance Director from 2008-12; Finance Director (UK and Europe) at Prudential plc from 2002 to 2007, and Group Finance Director at Heath Lambert Group. Tim worked at Heaths from 1996 to 2002 leading the management buy-out of CE Heath plc in 1997 and the public takeover of Lambert Fenchurch plc in 1999. Tim worked at KPMG from 1985 to 1996, specialising in corporate finance advisory work and audit. Tim is currently a non-executive director of Nationwide Building Society where he chairs the Board Risk Committee and is a member of various board committees including the Audit Committee and the IT Strategy and Resilience Committee. In addition, Tim is Chairman of Alliance Trust Savings.

Old Mutual Wealth is a subsidiary of Old Mutual plc. Old Mutual plc is in the process of executing a managed separation strategy that will separate the Group into its four constituent businesses: Old Mutual Wealth, Old Mutual Emerging Markets, Old Mutual Asset Management and Nedbank. 

For more information contact

Vee MontebelloOld Mutual Wealth020 7778 955007872

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 £116.5 billion in customer investments (as at 30 June 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.