Old Mutual Wealth ready to list as profit soars 40%
Old Mutual Wealth is now ready to list as Quilter, with its annual results showing the company’s pre-tax profits rose by 40% in 2017, driven by “unusually high” performance fees.
Paul Feeney
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Old Mutual Wealth to restructure and adopt Quilter branding
Old Mutual Wealth will operate as Quilter plc, with the international arm based on the Isle of Man becoming Quilter International, once the managed separation of Old Mutual is completed in 2018.
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Intrinsic helps double OMW’s client flows
Strong cash flows and a solid performance saw Old Mutual Wealth’s (OMW) funds under management rise 14%, year to date, with the firm’s net cash flow soaring 92% on the back of a strong performance by Intrinsic.
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OMW splits off £16bn multi-asset business as Buxton eyes MBO
Old Mutual Wealth is to spin off a dedicated £16bn ($20.7bn, €17.5bn) multi-asset investment business as part of the ongoing “managed separation” from its parent company.
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Old Mutual completes Singapore acquisition
Old Mutual Wealth announced on Tuesday that it has completed its acquisition of Singapore-based expat advisory business AAM Advisory.
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Old Mutual Wealth buys Quilter Cheviot for 585m
In an effort to bulk up its offering to high net worth clients, Old Mutual Wealth has agreed to buy discretionary manager Quilter Cheviot for £585m.
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paul feeney to run old mutual wealth management
Paul Feeney is to take over as chief executive of Old Mutual Wealth Management
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omam uk and sig to combine businesses
Old Mutual Asset Managers UK and Skandia Investment Group are to be combined into a single business.
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old mutual creates role for feeney
Old Mutual has announced a newly created role for Paul Feeney, who recently departed BNY Mellon Asset Management as head of international distribution.
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BNY Mellon launches global multi-asset fund for European investors
BNY Mellon has launched a Dublin-domiciled multi-asset global absolute return fund.