Old Mutual Wealth hires ex-Virgin Money man as CIO

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 ...