Companies  

Old Mutual plans offshore fund range after rebrand

Old Mutual’s offshore investment business is set to roll out a range of new ‘researched’ funds, the company announced today in the final part of its Skandia rebrand.

Skandia International, including Royal Skandia, has today (22 December) rebranded to Old Mutual International in all markets across the world, completing the rebrand of the Skandia businesses to Old Mutual.

This follows the Skandia business originally announcing it would rebrand to Old Mutual Wealth in 2012, and completing the rebrand in September 2014.

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Old Mutual International said it is preparing to launch a researched fund range utilising the investment expertise of Old Mutual Global Investors. It added it will be looking at the possibility of exploiting the ‘capability’ of Quilter Cheviot once that acquisition completes in early 2015.

The firm is the cross-border product provider of Old Mutual Wealth, an investment business with offices in the UK, Isle of Man, Dublin, Europe, UAE, Hong Kong, Singapore and Latin America.

Across 2015, Old Mutual International plans to continue expanding its ‘integrated customer proposition’, adding it already has an exclusive distribution agreement with the firm’s advice subsidiary in Latin America, Asia, and its offshore bond is currently available on UK advice network Intrinsic’s restricted panels.

Paul Feeney, chief executive of Old Mutual Wealth said: “We are committed to building a strong cross-border investment business under the Old Mutual brand that will offer financial advisers and their clients new investment solutions, utilising the skills and resources we have invested in over recent years.

“Wealth Interactive gives us a solid platform for growth and we will be investing in the Old Mutual brand in all our markets to support advisers recommending our products to their clients.”

ruth.gillbe@ft.com