Old Mutual Wealth hires ex-Virgin Money man as CIO

Old Mutual to split into four separate businesses

Tom Ellis
clock • 1 min read

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Entrepreneurial WIFA contender launches financial planning firm

Entrepreneurial WIFA contender launches financial planning firm

Frankie Smith has launched two businesses at the age of 29

Isabel Baxter
clock 21 March 2024 • 3 min read
The Penny Group acquires Midlands-based HNW advice firm

The Penny Group acquires Midlands-based HNW advice firm

Latest deal as part of the Chartered firm’s ‘buy and build’ strategy

Isabel Baxter
clock 12 March 2024 • 2 min read
FCA fines advice firm nearly £900,000 over British Steel failings

FCA fines advice firm nearly £900,000 over British Steel failings

IFM ‘poorly advised’ clients to transfer out of DB pension schemes

Isabel Baxter
clock 11 March 2024 • 2 min read