Feeney appointed to Old Mutual executive committee

Old Mutual Wealth chief executive Paul Feeney has been appointed to the parent company Old Mutual’s executive committee in a management restructure.

Feeney (pictured) will join the Old Mutual group executive committee from 1 April alongside Ralph Mupita who is chief executive of Old Mutual Emerging Markets and Carlton Hood, group customer director.

Feeney was appointed as chief executive of Old Mutual Wealth in September when Old Mutual announced it was to drop the Skandia brand in a merger of all its Skandia businesses into Old Mutual Wealth. Previously Feeney was chief executive of Old Mutual Long Term Savings.

All three will report to Paul Hanratty, previously chief executive of Old Mutual Long Term Savings who was been promoted to the new role group operating officer.

Julian Roberts, Old Mutual chief executive said: ‘These operational reporting changes are designed to facilitate the growth of our group and to achieve closer cooperation between our South African and sub-Saharan African businesses.

‘I am delighted to welcome three new members onto our executive committee showing the importance of their individual roles."