Steven Levin has been appointed CEO of Skandia International, replacing the departing Andre Oszmann.
Levin has been with parent company Old Mutual Group in various roles since 1998 and is currently the product and proposition director for the Long Term Savings business of Old Mutual.
Oszmann will leave at the end of May after 27 years with Skandia to "explore new challenges", although he will remain on some of the Skandia International boards.
Bob Head, chief executive of Old Mutual Wealth Management, said: "I have known Steven since 2003 and he is the man for the job. Skandia International is already a leading provider of offshore investment products but we believe there is further opportunity.
"We are investing significantly in developing the products and services we offer customers to ensure they meet their needs now and long into the future.
"Steven's considerable expertise and experience of our business and the markets we operate in ensure he is well placed to lead our international operation as we enter an exciting period of change and growth."
Skandia International has £15bn assets under management and generated profits of £68m in 2010.
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