Former Gartmore global head of distribution Phil Wagstaff has joined Skandia Investment Group as chief executive.
The appointment, subject to regulatory approval, sees interim chief executive Marc Bulstrode return to his chief operating officer role.
A spokesman for Skandia, says: “His depth of experience will be invaluable in leading Skandia Investment Group to further its position as a world class investment manager.”
Wagstaff was previously a member of Gartmore’s executive committee and led the retail and institutional channel for sales, marketing, product development and business management.
Before joining Gartmore, Wagstaff had held senior roles at New Star Asset Management and M&G.