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Paul Hucknall to join Old Mutual Wealth as HR Director in January 2018

05/10/2017

Old Mutual Wealth, one of the UK’s leading wealth management companies, announces the appointment of Paul Hucknall as HR Director and a member of the Old Mutual Wealth Executive Committee (subject to regulatory approval).  Paul will join the business on 1 January 2018.

Reporting to Paul Feeney, CEO of Old Mutual Wealth, he will be responsible for directing Old Mutual Wealth’s HR function in preparation for the business’ proposed listing on the London and Johannesburg Stock Exchanges in 2018.

Paul brings a wealth of experience from working at board level in publicly listed financial services companies, as well as undertaking HR focused roles within that industry for over 20 years.  He joins Old Mutual Wealth from Lloyds Banking Group, where he has worked for almost a decade, most recently as the People Director, where his responsibilities included reward, performance and HR centres of excellence.  Prior to joining Lloyds Banking Group, he spent six years with Bank of America.  In addition, Paul is Chairman of the CityHR Association and a Trustee Director of the Woodard Schools Benefit Fund, which is an educational charity.

Paul Hucknall comments:

“I am very excited to be joining Old Mutual Wealth at such an important time in the company’s history.  I look forward to working with Paul, the executive team and the Board in continuing to build the UK’s leading wealth management business.”

Paul Feeney adds:

“I am delighted that Paul has agreed to join our team. His wealth of experience from working within large, publicly listed financial services companies will be a valuable addition to our business as we prepare to embark on the next phase of our corporate journey.

“On behalf of everyone at Old Mutual Wealth, I would like to thank Tracey for leading and developing the effective HR function we have today and for the personal support that she has given me in my role as CEO over the last five years.  Tracey will leave the business at the end of the year and we wish her well for the future.”

Tracey Hahn concludes:

“I have enjoyed being part of the Executive Committee that has helped transform Old Mutual Wealth into the unique wealth management business it is today.  We have made huge strides in modernising our business, raising the importance of culture and creating an environment that enables our people to reach their full potential.  I believe the organisation is now well positioned for the next phase of its journey.”

For more information contact

Vee MontebelloOld Mutual Wealth020 7778 955007872 665149vee.montebello@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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