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Old Mutual Wealth appoints David Still as MD of life assurance business

04/06/2018

David Still has been appointed managing director of Old Mutual Wealth’s ‘Heritage’ Life Assurance business, reporting to Steven Levin, CEO of Old Mutual Wealth UK Platform & Heritage. David will be responsible for the future development of the business, as well as operational and conduct risk management of the Old Mutual Wealth Life Assurance closed books. 

David joins Old Mutual Wealth from Aviva where he was managing director of the Aviva UK ‘Heritage’ closed book. He joined Friends Life in 2011 as managing director of its retirement income business, prior to Friends Life becoming part of Aviva in 2015. David is a qualified actuary who has held a number of senior roles in his career that have focused on developing high quality solutions for both individual and corporate clients. He started his career at Prudential where he managed relationships with several key intermediaries before he went on to lead the individual retirement business.

Old Mutual Wealth Life Assurance is predominantly a closed book, made up of products sold over the last 30 years. This business does, however, include Old Mutual Wealth’s open protection products.

Old Mutual Wealth Life Assurance is part of Quilter plc, the new name for the Old Mutual Wealth group of companies, ahead of its plans to list and separate from Old Mutual plc. The group businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual, with Old Mutual Wealth Life Assurance becoming Quilter Life Assurance.

The appointment is subject to regulatory approval. 

Steven Levin, CEO, Old Mutual Wealth UK Platform & Heritage, says:

“David will be a great asset to our team as he brings a vast amount of experience in managing life assurance businesses. Our Heritage life assurance business dates back to 1979, with over 200,000 customers in pensions and protection products. We look forward to having David on board to help us continue our work to ensure Old Mutual Wealth Life Assurance customers are receiving the best possible outcomes and to continue to develop our expanding protection offering.”

David StillDavid Still says:

“I look forward to joining Old Mutual Wealth at this tremendously exciting time for the organisation. The group places a strong emphasis on the quality of the proposition it delivers to all its customers and I look forward to building on the good work carried out to date in this area.” 

For more information contact

Kathleen Gallagher023 8072 629307990 004932kathleen.gallagher@quilter.com

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 £114.9 billion in investments (as at 31 March 2019).

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: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

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.

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.