Old Mutual Wealth has named Andy Thompson a new CEO of Intrinsic Financial Services, replacing Richard Freeman.
In his new role, Thompson will continue to report to Richard Freeman, who will step down to become chief distribution officer at Old Mutual Wealth.
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Thompson was most recently managing director of Intrinsic and had worked closely with Freeman on business strategy since 2012. He also served as distribution director at Intrinsic.
Additionally, Freeman will continue to lead the strategic development of Intrinsic as part of a broader role in which he will draw together all distribution activities across Old Mutual Wealth’s vertically integrated distribution businesses.
Freeman, who will be replacing Mary-Anne McIntyre in his new role as chief distribution officer, will also work closely with the business in 2016 to complete the acquisition of the Financial Adviser School from Sesame Bankhall Group.
McIntyre is stepping down from the firm to pursue other opportunities.
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By GlobalDataThompson said: "We have ambitious plans for our business and there is much to deliver in 2016. I look forward to taking the helm and continuing to work closely with Richard in his new role as chief distribution officer."
Freeman said: "I look forward to helping realise the potential we have in our constituent parts, working together to deliver compelling products with exceptional service to financial advisers and which deliver good outcome based solutions for their clients."
