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Mary-Anne McIntyre exits Old Mutual in leadership reshuffle

Exit-Man-Door-Depart-Leave-700.jpgFormer Openwork chief executive Mary-Anne McIntyre is to depart Old Mutual just three months after joining as chief distribution officer.

McIntyre’s move from Openwork was only announced in March and she formally took up the role in September.

However, Old Mutual says she will leave the business as it completes changes to its advice leadership.

An Old Mutual spokeswoman declined to comment on the reasons behind McIntyre’s departure.

However, the firm said in a statement that McIntyre “leaves the business with our best wishes and we wish her every success in the future”.

She will be replaced by Intrinsic chief executive Richard Freeman, whose departure from the firm’s network business was announced in mid-November.

Freeman will be replaced at the helm of Intrinsic by Andy Thompson, who was previously managing director.

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Old Mutual Wealth has seen a 45 per cent increase in gross sales in the third quarter bringing funds under management to £98.7bn, following the acquisition of Quilter Cheviot. Year-to-date funds under management grew 20 per cent, up from £82.5bn at the start of the year, with the Quilter Cheviot acquisition adding £17bn. Since the acquisition […]

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Old Mutual advice launch ‘threatens advisers and savers’

Old Mutual Wealth’s decision to launch a national advice division could pose at threat to networks and lead to bad outcomes for investors, experts warn. The new business will be branded Old Mutual Wealth Private Client Advisers and will draw on the investment offerings from Quilter Cheviot and Old Mutual Global Investors. The business will […]

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Old Mutual Wealth to launch national advice arm

Old Mutual Wealth and its network Intrinsic are launching a national advice arm. The business will be branded Old Mutual Wealth Private Client Advisers and will draw on the investment offerings from Quilter Cheviot and Old Mutual Global Investors. The new business aims to offer advice through 10 regional offices employing around 250 qualified advisers […]

Neptune video: Indian valuations and Modi’s pro-investment agenda

Kunal Desai, Head of Indian Equities, discusses his expectations for the Indian market and highlights the key indicators that he is watching for 2015.

In the video, Kunal addresses:

• Indian equity valuations and the importance of stock selection in gaining exposure to the earnings upgrade cycle

• The BJP’s strengthening ambition in its pro-reform, pro-investment agenda

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