David Still has been appointed managing director of Old Mutual Wealth’s Heritage Life Assurance business, reporting to Steven Levin, CEO of Old Mutual Wealth UK Platform & Heritage. Still will be responsible for the future development of the business, as well as operational and conduct risk management of the Old Mutual Wealth Life Assurance closed books.
Still joins Old Mutual Wealth from Aviva where he was managing director of the Aviva UK ‘Heritage’ closed book. He joined Friends Life in 2011 as managing director of its retirement income business, prior to Friends Life becoming part of Aviva in 2015. David is a qualified actuary who has held a number of senior roles in his career that have focused on developing high quality solutions for both individual and corporate clients. He started his career at Prudential where he managed relationships with several key intermediaries before he went on to lead the individual retirement business.
Old Mutual Wealth Life Assurance is predominantly a closed book, made up of products sold over the last 30 years. This business does, however, include Old Mutual Wealth’s open protection products.
Old Mutual Wealth Life Assurance is part of Quilter plc, the new name for the Old Mutual Wealth group of companies, ahead of its plans to list and separate from Old Mutual plc. The group businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual, with Old Mutual Wealth Life Assurance becoming Quilter Life Assurance.
‘A great asset’
Steven Levin, CEO, Old Mutual Wealth UK Platform & Heritage, said: “David will be a great asset to our team as he brings a vast amount of experience in managing life assurance businesses. Our Heritage life assurance business dates back to 1979, with over 200,000 customers in pensions and protection products. We look forward to having David on board to help us continue our work to ensure Old Mutual Wealth Life Assurance customers are receiving the best possible outcomes and to continue to develop our expanding protection offering.”
David Still said: “I look forward to joining Old Mutual Wealth at this tremendously exciting time for the organisation. The group places a strong emphasis on the quality of the proposition it delivers to all its customers and I look forward to building on the good work carried out to date in this area.”
The appointment is subject to regulatory approval.