Skandia has announced the sudden departure of Jamie Macleod, founder of the group's investment management business.
Macleod, who set up Skandia Investment Management seven years' ago, left the firm today.
His role as CEO of Skandia Investment Group (SIG) has been filled by Nils Bolmstrand with immediate effect.
Bolmstrand joined SIG at its launch in October 2007 and has been responsible for product development, distribution, and managing relationships with fund groups internationally.
Prior to that, Bolmstrand was chief executive of Skandia Fonder AB, having joined Skandia in 1998.
"Jamie has been instrumental in building and leading the SIG business," says Bob Head, CEO of the wealth management division of the Old Mutual Group. "I thank Jamie for his part in this and wish him well for the future.
"In appointing Nils we have a CEO who is well versed in the strategy of the business, who knows our fund group partners well, and will continue to develop the SIG business working within the wider Old Mutual Group."
"It has been a great journey in building a £50bn assets under management business and I really hope the company continues on this successful journey," Macleod says.
Skandia declined to comment on the reason for Macleod's departure.
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