David Still has been appointed managing director of Old Mutual Wealth’s ‘Heritage’ Life Assurance business.

He joins Old Mutual Wealth from Aviva where he was managing director of the Aviva UK ‘Heritage’ closed book.

Mr Still started his career at Prudential where he managed relationships with 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, the new name for the Old Mutual Wealth group of companies, ahead of its plans to list and separate from
Old Mutual.

The group businesses will be re-branded to Quilter over a period of around two years following separation from Old Mutual, with Old Mutual Wealth Life Assurance becoming Quilter Life Assurance.

The appointment is subject to regulatory approval. 

Steven Levin, chief executive, 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.”

Mr Still said: “I look forward to joining Old Mutual Wealth at this tremendously exciting time for the organisation.”