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Old Mutual Wealth Names Non-Executive Director Trio

Tom Burroughes Group Editor London 16 February 2017

Old Mutual Wealth Names Non-Executive Director Trio

Three non-executive directors have been named to the board of the UK wealth management house.

Old Mutual Wealth has appointed Rosie Harris, George Reid and Tim Tookey as independent non-executive directors.

Harris will become chair of the board risk committee in April, Reid will join the audit and board risk committees, and Tookey will be chair of the board audit committee. The appointments follow those of Moira Kilcoyne and Cathy Turner, who joined the board in December last year, the firm said in a statement yesterday. 

During her 30 year-career Harris has undertaken a range of general management and chief risk officer roles. She is retiring from her role as chief risk officer of UK Life at Aviva, a position she has held since 2015 following Aviva’s acquisition of Friends Life.  Prior to this, she was group chief risk officer at Friends Life from 2012 to 2015. Harris is a non-executive director of Tokio Marine Kiln’s international and syndicates businesses.

Reid started his career in 1987 undertaking various roles and overseas secondments with Price Waterhouse/PricewaterhouseCoopers. In 1999, he joined Standard Life, where he spent seven years in various senior executive roles. He returned to the accounting profession in 2006 and spent the next 10 years with Ernst & Young UK. In 2015 he was appointed managing partner and EY’s head of financial services for Scotland and UK regions.

Tookey has worked at board level in financial services for over 20 years. Most recently, he was chief financial officer of Friends Life Group, from 2012 to 2015. Prior to this, his roles included six years at Lloyds Banking Group, including being group finance director from 2008 to 2012.

In the firm’s August interim financial results, Old Mutual Wealth said Simon Davies, Andy Pomfret and Jane Hanson stepped down from the board. In January, it said Lord Leitch had also decided to step down. Bruce Hemphill, chief executive of Old Mutual, is a non-executive director.

Old Mutual Wealth is a subsidiary of UK-listed Old Mutual, a firm which is executing a managed separation strategy that will separate the group into its four constituent businesses: Old Mutual Wealth, Old Mutual Emerging Markets, Old Mutual Asset Management and Nedbank.

 

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