Old Mutual Wealth adds three senior non-executive directors to board

Old Mutual Wealth has added three experienced City professionals to its non executive board. 

Rosie Harris, chief risk officer, UK Life at Aviva, George Reid, former managing partner and EY’s head of Financial Services for Scotland and UK regions and Tim Tookey, a former chief financial officer of Friends Life Group have all joined the Old Mutual Wealth Board as independent non-executive directors.

Harris will become chair of the Board Risk Committee in April 2017, Reid will join the Audit and Board Risk Committees and Tookey will be chair of the Board Audit Committee.

Reid and Tookey both officially joined the Board earlier this month. These appointments follow those of Moira Kilcoyne and Cathy Turner, who, as reported, joined the board in December 2016.

In a statement from Old Mutual Wealth, announcing the hires, Glyn Jones, independent non-executive chairman at Old Mutual Wealth, pictured left, said: “Rosie, George and Tim between them bring an enormous depth and breadth of relevant industry and senior management experience, as well as FTSE 100 and other non-executive experience. These further appointments will help prepare the Old Mutual Wealth business for its managed separation from the Old Mutual Group.”

30-year career

Harris has extensive financial services industry executive and non-executive board level experience. During her 30 year career she has undertaken a broad range of general management and chief risk officer roles. She is retiring from her role as Chief Risk Officer UK Life at Aviva plc, a position she has held since 2015 following Aviva’s acquisition of Friends Life. Prior to this, she was Group Chief Risk Officer at Friends Life plc from 2012-2015, undertook Chief Risk Officer and Managing Director roles at Lloyds Bank plc from 2009-2012, was Group Risk Director at Old Mutual plc from 2007 to 2009.  She also worked at Prudential plc from 1985 to 2007 where she undertook various senior roles before becoming UK Chief Operating Officer.

She is currently a Non-Executive Director of Tokio Marine Kiln’s International and Syndicates businesses, and has been Chair of the Board’s Risk Committee since 2015.

Reid started his career in 1987 with Price Waterhouse/PricewaterhouseCoopers. In 1999, he joined Standard Life where he spent seven years in various senior executive roles, including Group Chief Accountant and Financial Reporting Director for UK Life and Pensions. He returned to the accounting profession in 2006 and spent the next 10 years with Ernst & Young UK LLP.

Initially a Partner within the Financial Services Audit Practice, in 2015 he was appointed Managing Partner and EY’s Head of Financial Services for Scotland and UK regions, and made a member of the UK Firm’s Financial Services Board. In addition, George has been a Director of the Children’s Hospice Association Scotland since 2009.

Board level

Tookey has worked at board level in financial services for over 20 years and has been responsible for managing a large number of significant business transformation and strategic projects, mergers and acquisitions.

Most recently, he was Chief Financial Officer of Friends Life Group (2012-15). Prior to this his roles included six years at Lloyds Banking Group plc, including being Group Finance Director from 2008-12; Finance Director (UK and Europe) at Prudential plc from 2002 to 2007, and Group Finance Director at Heath Lambert Group. He is currently a non-executive director of Nationwide Building Society where he chairs the Board Risk Committee and is a member of various board committees including the Audit Committee and the IT Strategy and Resilience Committee. In addition, Tim is Chairman of Alliance Trust Savings.

Old Mutual Wealth is a subsidiary of Old Mutual plc and is in the process of executing a managed separation strategy that will separate the Group into its four constituent businesses: Old Mutual Wealth, Old Mutual Emerging Markets, Old Mutual Asset Management and Nedbank.

ABOUT THE AUTHOR
Gary Robinson
Deputy Editor, International Investment and Head of Video at Open Door Media Publishing. A fully qualified journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as an IFA.

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