Old Mutual's Paul Feeney has been handed wider responsibility at the group after being appointed CEO of the wealth management division.
Old Mutual’s Paul Feeney has been handed wider responsibility at the group after being appointed CEO of the wealth management division.
Feeney (pictured), who earlier this year joined the firm as CEO of Old Mutual’s Long Term Savings asset management business, will take up his new role in August.
He will replace Bob Head, who stepped down from the role last October.
Feeney’s appointment comes after Skandia Investment Group and OMAM (UK) announced they will merge later this year into a single business, with the view to rebrand under one name.
Julian Ide, currently CEO of OMAM UK, has been appointed as CEO of the combined business while James Millard has been made CIO, both with immediate effect.
Feeney will continue to report to Paul Hanratty, CEO of Old Mutual’s Long Term Savings division.
Hanratty said: “Paul has made a significant impact since he joined Old Mutual at the beginning of this year and we are confident that he is the right man to drive the growth and development of our Wealth Management operation. Wealth Management has great potential and will play a key part in the Group’s future growth.”
Prior to joining Old Mutual Feeney was head of distribution and executive director of BNY Mellon Asset Management.