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Old Mutual Wealth directors exit

Carlton Hood

Old Mutual Wealth chief information officer Jeremy Charles and customer director Carlton Hood are stepping down from their roles.

Charles is to retire in the first half of this year, which the firm says was agreed when he joined in 2012 while Hood’s role is to be made redundant.

Hood – a former Channel 4 presenter – first joined the Old Mutual Group in South Africa in 2000. Before returning to work for Old Mutual in the UK in 2011, he was chief executive of confused.com.

A spokesman says Hood is “exploring other opportunities inside the wider Old Mutual Group”.

Charles will be replaced by chief information officer Paul Penney.

In October Old Mutual Wealth launched a national advice arm, employing around 250 advisers. Earlier this month Money Marketing revealed the group’s adviser network, Intrinsic, is in talks over acquiring rival Tenet.

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  1. Tim tim@pagerussell.co.uk 29th January 2016 at 9:08 am

    Interesting. I’ve seen Charlton Hood speak and he is clearly a star amongst the grey suits. He set out the most articulate (and radical) vision for the future for companies like Old Mutual that I have heard. And it seems that which their recent acquisitions, Old Mutual were taking the steps to achieve it.

    It will be interesting to see whether this move is because:
    1) He was being thwarted in the implementation by the old guard at Old Mutual.
    2) He is a “vision” guy and gets bored by implementation.
    3) Or his internal career clock told him it was time to move on after 2 years or so in the job and before any mistakes could blot his spotless CV.

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