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Old Mutual Wealth strengthens its Board by appointing to Non-Exective Directors

12/01/2017

Old Mutual Wealth announces the appointment of Moira Kilcoyne and Cathy Turner as independent Non-Executive Directors of the Old Mutual Wealth Board.  

These are the first appointments to be made by Glyn Jones, Old Mutual Wealth’s newly appointed independent Non-Executive Chairman, who comments:Glyn Jones

“I am delighted that Moira and Cathy have agreed to join our Board of Directors as each brings a wealth of valuable experience from their previous executive roles and deep understanding of regulated financial services businesses. I believe that the strengthening of the Board represents another significant milestone in our preparation for an independent future.  My fellow directors and I look forward to working with our new Board members as we support and guide the leadership team of this unique and leading wealth management business on the next phase of its corporate journey.”

Moira brings over 25 years of technology and cyber security leadership to Old Mutual Wealth. She spent much of her career working in senior technology roles in both London and New York, predominantly with Morgan Stanley and Merrill Lynch. Moira recently retired from Morgan Stanley having held the role of Managing Director and Co-Chief Information Officer, Global Technology and Data at Morgan Stanley since 2013.

Cathy is an experienced Non-Executive Director who has spent over 30 years working in senior leadership roles at global organisations. Cathy’s current board roles include being Non-Executive Director and Chair of the Remuneration Committee at Countrywide plc and Non-Executive Director and Chair of the Remuneration Committee at Aldermore Bank PLC. She is also a Partner part time at the senior advisory organisation Manchester Square Partners. After an initial career in consulting, Cathy moved into financial services in 1997 with Barclays plc, where she rose to the position of Group HR Director and a member of the Group Executive Committee. At various times, her responsibilities have also included group strategy and investor relations. Her most recent executive role was as Chief Administration Officer at Lloyds Banking Group plc where she was responsible for a number of corporate functions. Cathy will be Chair of the Remuneration Committee at Old Mutual Wealth.

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 Montebello, Director of Communications
Direct Line: 020 7 778 9550
Mobile: 07872 665149

Notes to Editors:

Old Mutual Wealth is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Old Mutual Wealth oversees £131.3 billion in customer investments (as at 30 September 2017).

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.

Old Mutual Global Investors (‘OMGI’) is the asset management business of Old Mutual Wealth with £39.8bn funds under management (as at 30 September 2017). On the 19th 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. 

Following managed separation from Old Mutual plc, Old Mutual Wealth will rebrand to Quilter plc. Each of the businesses within the Quilter Plc group will be rebranded over a two-year period, with the exception of Quilter Cheviot, which will retain its existing name.

Old Mutual Wealth is part of Old Mutual plc, a FTSE 100 group that provides life assurance, asset management, banking and general insurance. Old Mutual is trusted by more than 19.4 million (as at 31 December 2016) customers across the world and has a total of £212.3 billion of assets under management (as at 30 June 2017).

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