Old Mutual Wealth has hired Leon Deist as Chief Information Officer as it prepares for its managed separation from Old Mutual PLC.
Deist, who will oversee Old Mutual Wealth's technology and change functions, will start at the firm on 1 December 2016. Deist joins from Liberty Group in South Africa and was previously director of enablement at Virgin Money in the same country.
Following the conclusion of a strategic review in March, Old Mutual decided to separate its four main businesses - Old Mutual Emerging Markets, Old Mutual Wealth, Nedbank Group and OM Asset Management in the US.
"As we prepare for managed separation from Old Mutual plc, we are building the skills and capabilities we need for the future," said Old Mutual Wealth COO Steve Braudo.
"This is an exciting time for our organisation and we need to ensure our technology capability is organised and strengthened to be ready for our independent future. Leon's wealth of experience will enhance the strong team we already have here."
Deist added: "I am encouraged by the investment the business is making in its technology transformation strategy. I am very much looking forward to working with my new team."
Last month, Old Mutual reaffirmed its plans to demerge and list Old Mutual Wealth were on track, despite reports suggesting the increasing costs in upgrading the wealth arm's investment platform could instead lead to its sale.
It emerged last week Old Mutual expects to encounter £65m of costs to close down its London office following the managed separation.
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