Charles, who was previously the COO at Thames River Capital and Foreign & Colonial will take over his new role on 9 July 2012 and will report to chief executive Paul Feeney.
As the COO at Old Mutual Wealth Management, he will be responsible for aligning all the operations and technology functions across the wealth management businesses.
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Additionally, he will have to ensure that the business has a strong operational platform on which to develop expansion plans.
OMWM comprises Skandia UK, Skandia International, Skandia Investment Group and Old Mutual Asset Managers.
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