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18/04

Steven Levin appointed CEO at Skandia International

Skandia International, part of Old Mutual Wealth Management, today announces that Steven Levin has been appointed chief executive officer and will take over from Andre Oszmann who has decided to leave the business. Steven’s immediate focus will be further developing Skandia International’s customer offering across multiple territories.

18 April 2011

Skandia International, part of Old Mutual Wealth Management, today announces that Steven Levin has been appointed chief executive officer and will take over from Andre Oszmann who has decided to leave the business. Steven’s immediate focus will be further developing Skandia International’s customer offering across multiple territories.

Steven has been with the Old Mutual Group in various roles since 1998. He is currently the product and proposition director for the Long Term Savings business of Old Mutual, a global role. His recent work has focused on finding synergies between different Old Mutual businesses as well as expanding their proposition set in several markets. Prior to this he held various roles in Old Mutual South Africa and Old Mutual Asset Managers.

Steven will take over full responsibility for continuing the growth of Skandia International which is already one of the largest and most established providers of offshore investment products. Skandia International has £15bn assets under management and generated profits of £68m in 2010. Specifically he will focus on further developing Skandia International’s customer offering, ensuring it is delivering first class investment solutions and support services to meet a wide range of investor and adviser needs, both in local markets and for expats.

Andre Oszmann has been at Skandia for 27 years and has decided to leave the business to explore new challenges. He will leave at the end of May but will remain on some of the Skandia International boards and will work with Steven Levin to ensure a smooth handover. Steven formally takes up his new role from 1 June and will report to Bob Head, chief executive of Old Mutual Wealth Management, as well as joining the Wealth Management ExCo.

Bob Head, chief executive of Old Mutual Wealth Management, comments:

“I have known Steven since 2003 and he is the man for the job. Skandia International is already a leading provider of offshore investment products but we believe there is further opportunity. We are investing significantly in developing the products and services we offer customers to ensure they meet their needs now and long into the future. Steven’s considerable expertise and experience of our business and the markets we operate in ensure he is well placed to lead our international operation as we enter an exciting period of change and growth.

“I would like to thank Andre for the considerable contribution he has made, not only to Skandia International in his time as CEO but also to the wider Skandia business where he has led many major initiatives in a distinguished and influential career and the help he has given me. We all wish him well for the future and look forward to hearing what his next challenge will be.”

This press release is for journalists only and should not be relied upon by financial advisers or customers.