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Paul Feeney appointed chief exec of Old Mutual WM
by Jun Merrett on Jun 15, 2012 at 12:30
Paul Feeney has been appointed chief executive of Old Mutual Wealth Management, a role that will include oversight of Skandia International and the merged Old Mutual Asset Managers and Skandia Investment Group.
The business has £63 billion assets under management and a net client cash flow of over £2 billion during 2011.
Feeney (pictured) the current chief executive of Old Mutual's long term savings asset management business will take up the role on 1 August and will continue to report to Paul Hanratty, chief executive of Old Mutual's long term savings division. He fills the position after ex-chief executive Bob Head's departure in October last year.
Feeney was previously head of distribution and executive director of BNY Mellon Asset Management and has also headed up Gartmore.
Hanratty said: 'Paul has made a significant impact since he joined Old Mutual at the beginning of this year and we are confident that he is the right man to drive the growth and development of our wealth management operation.'
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