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Old Mutual vice chairman Peter Mann to step down

Old Mutual Wealth vice-chairman Peter Mann is to leave the firm.

He will stay with the business until the middle of this year while his responsibilities are transitioned. 

Previously managing director at Skandia, Mann took up the vice-chairman role at Old Mutual in October.

The business completed its acquisition of the Intrinsic network last month and has also recently launched its WealthSelect discounted fund range.

Mann says: “I agreed to take on the role of vice-chairman to support Paul Feeney and the rest of the management team in our exciting journey from a pure investment platform to becoming an investment business.

”Following the launch of our WealthSelect product range, the acquisition of Intrinsic and the arrival of key new talent, I am confident that journey is well under way. There is a strong team in place to take the business forward. 

“The time has come for me to say goodbye to colleagues in this business and explore new challenges elsewhere.”

Old Mutual Wealth chief executive Paul Feeney says: “Peter is held in high regard, not only by this business but within the industry as a whole, and I know we shall continue to enjoy his interest and regard as he moves on to new challenges.”

Arch Financial Planning managing director Arthur Childs says: “It may be that Peter has reached a point where he’d prefer the challenge of a smaller, more flexible company.”

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