Old Mutual Wealth chief distribution officer and former Intrinsic CEO Richard Freeman is set to retire at the end of June this year to pursue his personal interests.

Freeman was Intrinsic’s founding director in 2005 and spearheaded the purchase of the network by Old Mutual Wealth in 2014.

Recently, Freeman supported Old Mutual Wealth’s preparation for managed separation from its parent Old Mutual and its planned flotation on the London and Johannesburg stock exchanges in the capacity of an executive adviser.

He previously also was a member of the FCA’s Financial Advice Market Review working group.

However, Freeman will remain actively involved in the charity sector. He currently serves as the chairman of the development board of Dallaglio RugbyWorks.

He will also continue to serve as a director and board member of the Tax Incentivised Savings Association.

“I am confident that I leave Intrinsic and Old Mutual Wealth in fantastic shape and very well-placed to succeed in the future. I am proud to have played my part in building two very successful businesses. I have thoroughly enjoyed working with some exceptional people along the way and I would like to thank all of my colleagues on the Old Mutual Wealth Executive Committee and the Intrinsic Board for their companionship and support. In particular, I want to thank Paul Feeney for his vision and leadership,” Freeman stated.