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Two moved up and one out as OMW announces people changes

Old Mutual Wealth (OMW) has announced some people changes that have seen chief distribution officer Mary-Anne McIntyre depart after only three months in the job.

Two moved up and one out as OMW announces people changes

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McIntyre took up her post at OMW in September 2015, having previously been chief executive of financial advice firm Openwork.

The company advised in a statement that, as a result of the changes to the evolving management structure of the wealth business and after careful consideration, McIntyre was leaving the business to pursue other opportunities. 

Replacement

Her replacement has been named as Intrinsic Financial Services’ chief executive Richard Freeman.

“Old Mutual Wealth is uniquely positioned in that it offers high quality customer-based product solutions, investment management, and asset management across multiple advice channels. The opportunity to become chief distribution officer at this time is one I could not turn down,” Freeman said.  

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.

He will also continue working closely with the business in 2016, as it looks to complete the acquisition of the Financial Adviser School from Sesame Bankhall Group.

Stepping up

Subject to regulatory approval, Andy Thompson has been appointed chief executive of Intrinsic, having previously served as the company’s distribution director.

He said: “I am thrilled to have the opportunity to work with my colleagues in Old Mutual Wealth to lead a business that is so well positioned within the market as the largest distributor of advice in the UK, across restricted, independent and mortgage and protection.

“Richard has led Intrinsic from being a start-up to a financially secure business, with a long-term vision for the future based entirely around the delivery of high quality, face-to-face advice,” Thompson added.   

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