Momentum Global Investment Management, the UK-based investment and asset management arm that is a wholly owned subsidiary of South African insurance and investments provider MMI Group, has appointed Peter Mann as a non-executive director, to help build business in the UK.
Mann has worked for some three decades in the industry, with Scottish Amicable, IFA group Bankhall, Skandia, and, before retirement, as vice chairman at Old Mutual Wealth Management. It is this background working in the UK market that Momentum is looking to tap into as it seeks to do more business around its outcomes-focused solutions that are targeting IFAs/retail customers.
This approach means Momentum works with different fund managers to create solutions. Manger research is done by a dedicated manager research team.
Ferdinand Van Heerden, chief executive officer at Momentum, said: “Peter will undoubtedly bring a significant contribution to our UK business. His track record speaks for itself and his unique understanding of the UK wealth management market will bring much value to what is already a dynamic UK team.”