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26/09

New sales director for Skandia International

Skandia International, the offshore business of Old Mutual Wealth Management, today announces that Victor France has been appointed sales director with effect from 1 October 2011.

26 September 2011

Skandia International, the offshore business of Old Mutual Wealth Management, today announces that Victor France has been appointed sales director with effect from 1 October 2011.

Victor brings over 20 years of experience in leading and developing sales teams across a broad range of sectors within the Financial Services industry. His former roles included five years as national sales manager at Prudential, after which he headed the business partner channel at AXA Sun Life. Victor’s experience also includes strategic sales and business development roles with a number of global business and IT service providers, where he was responsible for developing innovative business solutions to the Financial Services sector. More recently, Victor has spent the past three years building a consultancy business advising Wealth Managers and Platform providers on global distribution and business development strategies.

Victor will oversee Skandia International’s entire sales operation including the Middle East, South America, Hong Kong, Singapore, South Africa, Europe and the UK, and will be responsible for ensuring Skandia International’s continued business growth and distribution strategy across all these regions. Skandia International has £17 billion funds under management (as at 30th June 2011) and recorded IFRS adjusted operating profit of £42 million for the first six months of 2011.

The announcement comes following Richard Rogers’ decision earlier this year to leave the business. Richard, who has been at the helm of the Skandia International Sales team since 1998, will be leaving in October.

Steven LevinSteven Levin, chief executive officer at Skandia International, comments:

‘Richard has played a key role in the successes and achievements of the Skandia International Sales team. I would personally like to thank him for his extensive contribution to the business and wish him every success for the future.

At the same time, I would like to welcome Victor to the team. He joins us at a very exciting time as the business enters a phase of renewed focus and transformation.

I am confident that Victor’s knowledge and consistent track record in developing and executing global sales and market strategies will continue driving our business to increasingly higher levels.’

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