Skandia, part of Old Mutual Wealth, has revealed that its UK sales director Steve Powell is planning to retire at the end of 2013, after working with the company for 23 years.
The company said it is currently searching for a replacement for the role.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Skandia’s UK managing director Peter Mann said Powell has had a long career at the company.
"During that time Skandia has become recognised as a leading provider, serving the financial adviser community and Steve has played a key role in helping to build that position," Mann said.
"He has been loyal to this business over a long period of time and everyone here wishes him well as he looks to hang up his boots."
Powell said, "I am extremely proud of what we have achieved during my time at Skandia."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"It is a good business with good people. I have been lucky to be surrounded by some exceptional men and women over recent years," Powell said.
Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, currently oversees £75.2 billion in customer investments as at 30 June 2013 with operations in the UK, Continental Europe and several international markets.
