Jeremy Mugridge has rejoined Old Mutual Wealth’s platform five years after leaving the firm.
The former head of platform marketing has taken up the role head of proposition marketing, replacing Tom Hawkins who is moving to become head of its office-based consultants.
Mr Mugridge, who will be reporting to OMW’s marketing director Michelle Andrews, will be responsible for promoting the Old Mutual Wealth platform in the UK.
He joins from Aegon where he held the position digital investment journey lead, responsible for digital and investment consultancy projects.
Ms Andrews said: “We’re thrilled to welcome Jeremy back to the team.
“With 2018 shaping up to be an important year for our platform and the wider platform market, his knowledge and understanding of digital design, the adviser market and platform products and services will be of tremendous benefit to our business.”
OMW’s platform is currently undergoing a multi-million pound replatforming exercise which has already suffered delays and is projected to cost millions more than originally estimated.
In May OMW confirmed it had terminated the contract with its original tech supplier IFDS, opting for rival FNZ instead, which is set to power the platform by the end of next year.
Under IFDS the cost was estimated to have hit £330m but FNZ estimates a further £120m to £160m will be needed to complete the task.
Meanwhile OMW is in the process of splitting from its parent Old Mutual as part of a ‘managed separation’ due to be completed in 2018 and is eyeing a listing on the stock market after rebranding as Quilter.
Mr Mugridge said: “This is a great time to be joining Old Mutual Wealth.
“They have consistently built impressive propositions for customers and advisers, and they are embarking upon very ambitious plans for the UK market. I look forward to playing a part in the future success of the business.”
Aegon itself is undergoing a replatforming exercise having bought the Cofunds platform from Legal & General for £140m in August last year.
In June it emerged the provider was also in talks about dropping technology provider IFDS from Cofunds with FNZ a possible contender to provide the technology for the new platform.
carmen.reichman@ft.com
