Paul Feeney has been appointed as chief executive officer (CEO) of  the £63 billion arm of Old Mutual’s wealth management business.

Old Mutual Wealth Management, which includes Skandia UK, Skandia International, its European business, Skandia Investment Group, and Old Mutual Asset Managers, saw net cash flow of over £2 billion last year.

Feeney, who is currently CEO of Old Mutual’s long term savings and asset management business (after joining the firm earlier this year), will start the role in August and continue to report to Paul Hanratty, CEO of the Old Mutual’s long term savings division.

Source Citywire.  Read full article here.