Old Mutual Wealth vice-chairman Peter Mann has announced his intention to retire after 12 years with the group.
Mann will stay with the business until mid-2014 in order to manage the hand over of his responsibilities.
Mann (pictured) said he agreed to take on the role of vice-chairman to support Paul Feeny as the firm moved from investment platform to investment business.
He said: "Following the launch of our WealthSelect product range, the acquisition of Intrinsic and the arrival of key new talent I am confident that journey is well underway.
"There is a strong team in place to take the business forward. The time has come for me to say goodbye to colleagues in this business and to explore new challenges elsewhere."
Mann was named vice-chairman in October in order to focus on UK activities and to act as a senior ambassador for the Old Mutual Wealth business.
Mann was chief executive officer of Skandia UK before it was merged into Old Mutual Wealth in 2012.
Old Mutual Wealth chief executive Paul Feeney said: "We are very sorry to see Peter go and we will always be grateful for his significant contribution. We have been proud to have him as a part of our team for so long.
"Peter is held in high regard not only by this business, but within the industry as a whole, and I know we shall continue to enjoy his interest and his regard as he moves on to tackle new challenges."
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