Old Mutual Wealth has appointed Iain Wright as chief risk officer.
Wright will be responsible for the governance and oversight of strategic, operational and financial risks to the Old Mutual Wealth businesses. His role was approved by the FCA on 5 July and he will report to Paul Feeney, CEO of Old Mutual Wealth.
Wright joins Old Mutual Wealth from Sun Life Financial where he was senior vice president, enterprise and operational risk, having previously been chief risk officer at Prudential UK & Europe. He began his career as a chartered accountant with Deloitte, and later moved to the London Stock Exchange where he carried out a number of roles, including head of equity and debt markets.
When the Financial Services Authority was formed in 2000, Wright formed part of the leadership team, heading up the supervision of major insurance groups.
Kevin Lee-Crossett, who previously held the joint role of chief risk officer and chief legal officer, will move to chief legal officer, responsible for the legal functions of the expanded Old Mutual Wealth business.
Feeney says: “I am delighted to welcome Iain to Old Mutual Wealth as chief risk officer. His vast risk and compliance experience across the sectors in which we operate will be invaluable as we take Old Mutual Wealth to the next stage in its development. His appointment further strengthens our executive management team.”
Wright says: “I am pleased to be joining Old Mutual Wealth at an exciting time for the business and I am looking forward to playing my part in its future success.”
