Old Mutual Wealth, the UK-based wealth management arm of South Africa’s Old Mutual plc, has named John Porteous to the newly-created role of retail customer solutions director.
In his new role Porteous will be responsible for establishing the company’s retail customer solutions team, Old Mutual Wealth said.
Porteous comes to Old Mutual from Tilney, where he had been head of client proposition.
Also at Old Mutual Wealth, John-Paul (“JP”) Crutchley has been named head of investor relations.
Crutchley comes to OMW from Atlas Mara, a London Stock Exchange-listed financial services group that focuses on providing financial services products and to retail and commercial customers across sub-Saharan Africa, where he was head of investor relations. Prior to joining Atlas Mara, Crutchley spent 16 years with such investment banks as UBS and Merrill Lynch as a sell side analyst.
At OMW, Crutchley will report to chief financial officer Tim Tookey and will be responsible for overseeing Old Mutual Wealth’s standalone investor and shareholder relationship programme.
Named to assist Crutchley in the investor relations area, as investor relations director, was Kerry Adams-Strump. A chartered accountant, Adams-Strump has been with the Old Mutual Group for nine years, and has held various roles in Old Mutual plc, Old Mutual Emerging Markets in Cape Town and, for the past three years, has assisted Old Mutual Wealth chief executive Paul Feeney.
In a statement announcing Crutchley and Adams-Strump’s appointments, OMW noted that “having an effective investor relations function in place to support our engagement with current and future shareholders and industry analysts” was a “a critical requirement” for the company as it prepared itself for a planned de-merger and listing on the London and Johannesburg stock exchanges, as part of its parent’s “managed separation” process.
As a result of the reshuffle, all its business departments will now be directed from Germany, according to Giovanni Liverani, chairman of the board (pictured).
The board now includes representatives of the sales team, with the addition of Christoph Schmallenbach, chief business officer, exclusive distribution, and David Stachon, chief business officer, digital and independent distribution.
Schmallenbach has been with Generali Germany since 1991 and continues to remain chairman of the board at AachenMünchener, a subsidiary of Generali Germany.
Dr Stachon will continue to hold his role chairman of the board at Cosmos-Direct Versicherungen, another subsidiary of Generali Germany. Bernd Felske remains head of Sales for Generali Germany, where he covers exclusive distribution and distribution through brokers.
In addition to the positions of chief insurance Life and chief insurance officer P&C, the group has created a new role, that of chief insurance officer Health, which will be taken on by Jochen Petin, who remains chairman of the board at Central Health Insurance and Envias Health Insurance.
In addition, Peter Heise takes on the role of chief insurance officer of Life, he continues to be board member covering life insurances at AachenMünchener he is also chairman of the board of the Generali Germany pension fund.
Ulrich Rieger takes on the role chief insurance officer P&C. He has been a board member at AachenMünchener, where he continues to be in charge of property casualty insurance.
Milan Novotný takes on the role of chief risk officer, succeeding Nora Gürtler, who moves to become group head Internal Audit of the Generali Group. Novotný joins from Generali Group, where he had been chief risk officer, Generali CEE.
Stefan Lehmann (chief financial officer); Rainer Sommer (chief operation officer); and Robert Wehn (chief HR officer) continue to hold their current roles, while Claudia Andersch, currently chief insurance officer, will leave the group in order to take on a new role in the industry.