Old Mutual restructures division to give Buxton chief exec role

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Express KCS whatsapp whatsapp INSURER Old Mutual overhauled its UK wealth division yesterday, creating a new investment unit and promoting top fund manager Richard Buxton to head its retail business.The FTSE 100 listed firm has been forced into the rejig following its £585m takeover of UK wealth manager Quilter Cheviot earlier this year. Quilter boss Martin Baines has been promoted to head the new division, with Quilter Cheviot and Old Mutual Global Investors (OMGI) sitting in the unit. Current OMGI boss Julian Ide is leaving the company and Buxton will replace him. Industry veteran David Loudon has been promoted to lead Quilter as part of the restructure. Buxton’s move to combine executive duties with his responsibility as a fund manager could raise eyebrows, but yesterday he promised to remain focused on running money. “Investment remains my first passion and priority – I would not have accepted any additional responsibilities which would compromise my ability to invest on my clients’ behalf,” he said. Share Tags: NULLcenter_img Thursday 13 August 2015 5:58 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Old Mutual restructures division to give Buxton chief exec role Show Comments ▼ last_img

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