Old Mutual Wealth has appointed Andy Thompson as chief executive of Intrinsic Financial Services, while chief distribution officer Mary-Anne McIntyre is leaving after only three months in the job.
As a result of the “evolving management structure” within the wealth business and after “careful consideration”, a spokesman for Old Mutual Wealth confirmed Ms McIntyre will leave the business to pursue other opportunities.
She only officially joined OM Wealth as chief distribution officer in early September, moving across from being chief executive of Openwork.
Meanwhile, Mr Thompson will continue to report to Richard Freeman, who is stepping up to become chief distribution officer at Old Mutual Wealth.
He was previously distribution director at Intrinsic, responsible for its proposition and leading the distribution team, having only recently appointed managing director of Intrinsic after working closely with Mr Freeman on business strategy since 2012.
Mr Freeman will continue to oversee the strategic development of Intrinsic as part of a broader role in which he will draw together all distribution activities across Old Mutual Wealth’s vertically integrated distribution businesses.
The changes are aimed at ensuring a seamless transition of responsibilities, in particular to support the acquisition of the Financial Adviser School from Sesame Bankhall Group.
Mr Thompson said: “We have ambitious plans for our business and there is much to deliver in 2016. I look forward to taking the helm and continuing to work closely with Richard in his new role as chief distribution officer.”
Mr Freeman added: “I look forward to helping realise the potential we have in our constituent parts, working together to deliver compelling products with exceptional service to financial advisers and which deliver good outcome based solutions for their clients.”
peter.walker@ft.com
