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Jon Little joins Old Mutual Wealth Board of Directors

30/05/2017

Old Mutual Wealth announces that Jon Little has joined the Old Mutual Wealth Board (‘the Board’) as an independent Non-Executive Director.

Jon LittleJon is the sixth Director to be appointed to the Board since Glyn Jones became Chairman in September 2016. 

Jon brings a wealth of global asset management industry experience to the business.  He is currently a Partner at Northill Capital, a company he founded in November 2010.  Northill Capital provides equity and seed capital to a small number of high-quality start-ups or early stage asset managers and provides equity capital to replace existing shareholders in larger more established asset management businesses. Assets under management by firms in which Northill owns a majority interest total approximately $42 billion.

Prior to this, Jon was Vice Chairman, BNY Mellon Asset Management and Member of The Bank of New York Mellon’s Global Executive Committee.  He joined Mellon (later BNY Mellon) in 2000 and was latterly Head of BNY Mellon’s International Asset Management Business, responsible for all non-US asset management businesses.  During his time with BNY Mellon, Jon was also Chairman of The Dreyfus Corporation in New York between January 2007 and December 2008 and Chairman of Insight Investment Management from its acquisition in 2009. He was also involved in various asset management boards, including Newton, Walter Scott, Pareto and Alcentra.  Prior to BNY Mellon, Jon was Vice President, Head of International Funds & European Sub-advisory at JP Morgan Investment Management and previously a Business Development Director at Fidelity. He was also a Non-Executive Director of Jupiter Fund Management plc from September 2011 to October 2016.

Glyn Jones, Chairman of the Board, comments: “I am delighted that Jon has agreed to join the Board as his skillset complements those of the other Directors.  Jon’s excellent knowledge and understanding of the asset management industry will be invaluable as we continue to develop Old Mutual Global Investors and Quilter Cheviot.  He will also help support this unique and successful wealth management business on its journey to an independent future.”

 

Notes to Editors:

Old Mutual Wealth Board of Directors:

Non-Executive Directors:

Glyn Jones, Independent Non-Executive Chairman

Charlie Eppinger

Rosie Harris

Moira Kilcoyne

George Reid

Cathy Turner

Executive Directors:

Paul Feeney, Chief Executive Officer, Old Mutual Wealth

Bruce Hemphill, Group Chief Executive Officer, Old Mutual plc

Ingrid Johnson, Group Finance Director, Old Mutual plc

Mark Satchel, Corporate Finance Director, Old Mutual Wealth

Tim Tookey, Chief Financial Officer (subject to regulatory approval), Old Mutual Wealth

For more information contact

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

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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