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Old Mutual Wealth creates role for ex-Towry client boss

Old Mutual Wealth creates role for ex-Towry client boss

Towry's former head of client proposition John Porteous has joined Old Mutual Wealth as director of retail customer solutions. 

Porteous (pictured) left Towry in March 2017, a year after its £600 million acquisition by Tilney. He had joined Towry in 2014 via its purchase of Baker Tilly Financial Management, where he worked as head of wealth management. 

At Old Mutual Wealth, he will be responsible for setting up a retail customer solutions team, in a newly created role. 

The team is expected to work across the a range of channels within the vertically integrated Old Mutual Wealth.

Chief executive Paul Feeney said: 'Old Mutual Wealth’s continued strong performance illustrates the success of our multi-channel strategy.

'John joins us to focus on enhancing the experience and outcomes for those customers who choose to access multiple parts of our proposition, and his appointment adds significant expertise and experience to our business at a crucial stage in our evolution.'

Earlier this week, Old Mutual Wealth also appointed John-Paul Crutchley, formerly of Atlas Mara, as head of investor relations, in preparation for the company's managed separation. 

The firm also decided to split its fund management arm into two distinct parts and appointed Paul Simpson as the CEO of its multi-asset business. 

Porteous was among a number of senior staff to exit the combined Towry/Tilney business following the merger. 

Wealth Manager revealed in April that former head of investments Andrew Wilson had teamed up with four colleagues to launch Lockhart Capital Management.

Porteous added: 'I’m delighted to be joining Old Mutual Wealth at such an exciting time for the business, as it prepares for its proposed listing in 2018.

'It is extremely exciting for me to have the opportunity to be part of that journey and help shape the customer experience though our end-to-end wealth management solutions.'

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