22 December 2014
Skandia International, including Royal Skandia, today rebrands to Old Mutual International in all markets around the world. This completes the rebrand of the Skandia businesses to Old Mutual.
Old Mutual International is the cross-border product provider of Old Mutual Wealth, a leading investment business with offices in the UK, Isle of Man, Dublin, Europe, UAE, Hong Kong, Singapore and Latin America. Old Mutual Wealth’s strategy is to offer customers investment services which combine financial advice, product solutions, investment management and asset management.
Old Mutual International will play a key part in the Old Mutual Wealth integrated model, which consists of:
- Intrinsic and AIVA which offer financial advice in the UK and Latin America respectively
- Old Mutual Wealth, the platform operator and life company in the UK
- Quilter Cheviot, the investment manager providing bespoke portfolios
- Old Mutual Global Investors, the asset manager providing high quality funds and packaged investment solutions
Old Mutual International offers offshore bonds and investment solutions globally via offshore jurisdictions in the Isle of Man and Dublin. It will continue expanding its integrated customer proposition during 2015 and beyond, and already has an exclusive distribution agreement with AIVA in Latin America and its offshore bond is part of Intrinsic’s panel in the UK. In addition, it is preparing to launch a researched fund range utilising the investment expertise of Old Mutual Global Investors and will be looking at the possibility of exporting the investment management capability of Quilter Cheviot once that acquisition completes in early 2015.
With innovative new solutions such as Wealth Interactive, Old Mutual International is investing heavily to help support financial advisers in all its markets. Wealth Interactive takes platform technology to a new level in the international market, providing better online processing, enhanced flexibility, and is transforming the way Old Mutual International interacts with advisers.
Paul Feeney, chief executive of Old Mutual Wealth, comments:
“Becoming Old Mutual International is an important milestone. 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.”
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