Richard Freeman has confirmed he will retire from Old Mutual Wealth (OMW) at the end of June this year.
Freeman is leaving OMW to focus on personal interests and will continue to be active in the charity sector, where he currently chairs the development board of Dallaglio RugbyWorks.
The announcement comes after Freeman twice previously announced his ‘retirement’ before changing his mind.
He said: ‘Having personally twice announced my retirement from Intrinsic and Old Mutual Wealth before, I can confirm that this time it’s for real!
‘I have enjoyed a long, rewarding and full career and I believe that it is now right for me to step down from my full-time executive role to explore other opportunities and pursue a slightly less hectic pace of life.’
A founding director of Intrinsic in 2005, in his role as chief executive Freeman led the acquisition by Old Mutual Wealth in July 2014.
He was a member of OMW’s executive committee in the role of chief distribution officer, and as executive adviser supported the firm’s preparations for its forthcoming managed separation from Old Mutual plc and proposed listing on the London and Johannesburg Stock Exchanges.
Freeman will remain a director at the firm and a board member of the Tax Incentivised Savings Association.
Commenting on Freeman’s retirement, Paul Feeney (pictured), CEO of Old Mutual Wealth, said: ‘I have really enjoyed working with Richard and have personally valued his insight and guidance.
‘Reluctantly I have had to accept that he does mean it this time. On behalf of everyone at Old Mutual Wealth, we send him our good wishes for the future.’