People Moves
Senior Figure Exits Isle Of Man-Based Wealth Firm In Management Revamp

A management structure change by the firm sees one of its senior figures depart.
The Isle of Man-based investment product provider, Utmost Wealth, has
shed one of its senior managers following a review of its
structure, the firm confirmed to this publication
yesterday.
Simon Willoughby, head of proposition at the firm, which was
created out of AXA Isle of Man, is leaving the business, it said
in a statement.
“Following completion of a review across Utmost Wealth Solutions,
the company has made some changes in its management team. As part
of this, senior management responsibility for both the existing
Distribution and Proposition business functions will be merged.
The newly combined area will be headed by Simon Woolnough,
currently head of distribution for Utmost Wealth Solutions. As a
result Simon Willoughby, currently head of proposition, will be
leaving the Utmost Group,” it said.
“Following the successful acquisition of the business last year,
it made sense strategically to now review our leadership team and
their focus,” Mike Foy, chief executive, said.
“Having a single executive responsible for sales and marketing
will allow us to better focus on our core markets and help
deliver the sales and propositional changes we need to ensure
Utmost Wealth Solutions makes a wealth of difference to our
customers and their advisors,” he said.
Willoughby was at AXA Wealth International for nearly five years
and remained there after it was acquired by Life Companies
Consolidation Group (LCCG), the insurance company consolidator,
in 2016. It subsequently rebranded as Utmost Wealth.