Ian Kloss has been named chief executive of Old Mutual International in Singapore, succeeding Steve Hickman, who is leaving the company, Old Mutual said today.
Kloss, pictured, first joined OMI in August 2014 as an area sales manager in Hong Kong, and somewhat unusually for a London-headquartered, UK- and South Africa-listed life company like Old Mutual International, OMI’s parent, is a US expatriate.
This fact enabled him to recognise the complications that many US expats have been facing in recent years when it comes to pension savings and, while at OMI, to spearheaded a campaign in the region to raise awareness of the problems and showcase some of the options that are available to them, OMI said.
Kloss’s priority in his new role as CEO will be to “continue to build Old Mutual International’s growth strategy in the region” while expanding its distribution opportunities and broadening its proposition to a wider audience, OMI said in a statement announcing his appointment.
“The business will continue to target internationally mobile clients, and will look to build on the broker relationships already established.
“The high net worth market is an important growth area, and [Kloss] will continue to support and develop Old Mutual International’s relationship with private banks and other institutions.”
As reported, Old Mutual Wealth, another arm of Old Mutual, acquired the AAM Advisory business in Singapore last year.