Peter Mann, the vice-chairman of Old Mutual Wealth, has announced his retirement this morning.
Mr Mann has been with Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, for 12 years, arriving in 2001 when the group acquired Bankhall where he was chief executive.
He held a number of positions in the business including chief executive of Skandia UK and vice-chairman of Old Mutual Wealth.
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Mr Mann said: "There is a strong team in place to take the business forward. The time has come for me to say goodbye to colleagues in this business and to explore new challenges elsewhere."
Paul Feeney, chief executive of Old Mutual Wealth, said: "We are very sorry to see Peter go and we will always be grateful for his significant contribution.
"We have been proud to have him as a part of our team for so long. Peter is held in high regard not only by this business, but within the industry as a whole, and I know we shall continue to enjoy his interest and his regard as he moves on to tackle new challenges."
Mr Mann will stay with the business until the mid-year to ensure a smooth hand over.