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Peter Mann to become Skandia UK chief executive

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Peter Mann is to take over from Nick Poyntz-Wright as the chief executive of Skandia UK.

Mann (pictured) is currently chief development officer at Skandia and will take on the chief executive role from May 1. Poyntz-Wright will remain with the group until July 2010.

Old Mutual Wealth Management chief executive Bob Head says: “We are delighted to appoint Peter to this senior role in the UK business and welcome his sales and operational insights as he joins the senior management team of Wealth Management.  We thank Nick for his many years of stewardship of the UK business.”

Poyntz-Wright says: “I am pleased to see Peter take over the UK business and have seen what tremendous drive and energy he brings to the operation in the 8 years during which we have worked together.  Peter has the right skills to oversee the transformation of the UK business in the future.”

Mann says: “Nick has played a key role in the growth and success of Skandia over the past 21 years and set the tone for our strategy and approach to the market.  I know everyone here wishes him well for the future.  He steps down from his role as CEO leaving us in a strong position to support financial advisers as platforms continue to play an increasingly important role within their businesses.”

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Readers' comments (3)

  • So now the entire Board has left within 2 years...I think the coat peg might be a bit wobbly

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  • Given his stewardship of Bankhall I feel that this appointment is a further nail in the coffin of a once great organisation.

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  • I've met Nick, and thought he was a thoroughly top bloke who actually saw that the success of Skandia was directly dependent on the quality of support and service provided by his admin staff, technincal support specialists and broker reps to IFA's and their clients.

    Perhaps he's going now because he's just had enough of the shambles that OM have created. I wish him the best of luck for the future.

    I've also met Peter Mann.

    Something tells me that a lot of Skandia people will be looking for a new job before the summer's over.

    A sad day.

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