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Old Mutual Wealth appoints Peter Mann as vice-chairman

Mann will continue to focus on UK but also look at growth across business.

Old Mutual Wealth has appointed Skandia UK managing director Peter Mann as vice-chairman.

The role sees Mann take a wider role across Old Mutual’s international markets while retaining the majority of his former UK duties.

Old Mutual has also appointed managing director for international markets Steven Levin as global head of distribution.

As part of the changes Levin will take over Mann’s duties heading up the UK sales team.

Both Mann and Levin will continue to report into Old Mutual Wealth chief executive Paul Feeney.

Feeney says: “These new roles are recognition of the strong contributions both Peter and Steven have made to the business to date and will enable both of them to focus on their key areas of strength to help us continually improve the products, service and value we add to financial advisers and customers.”

Thomas and Thomas Financial Services managing director Darren Lloyd Thomas says: “Peter has done a very good job in his role and has managed to head the platform up through significant changes. I hope he can continue his good work in this new role.”

Peter Mann took over from Nick Poyntz-Wright as chief executive of Skandia UK in May 2010. He joined Skandia UK in 2008 as chief development officer, and was previously chief executive of Bankhall.

The Skandia platform posted a £2m operating profit for the first half of the year compared with a £1m loss for the same period in 2012.

Old Mutual Wealth announced last month it had appointed former Cofunds chairman and Threadneedle chief executive Simon Davies to its board as non-executive director. 

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