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Richard Freeman to retire from Old Mutual Wealth

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Richard Freeman is to retire from his role with Old Mutual Wealth (OMW) at the end of June 2018 to focus on his own personal interests. He will continue to be active in the charity sector, where he currently chairs the development board of Dallaglio RugbyWorks.

Freeman has enjoyed a distinguished career. Having served in the army for 16 years, he started working in the financial services industry in 1989, initially as a financial adviser before embarking on management and executive roles.
 
Freeman was a founding Director of Intrinsic in 2005. Together with Lord Sandy Leitch, Richard built Intrinsic into one of the UK’s leading advice businesses. As Chief Executive, he led the acquisition by Old Mutual Wealth in July 2014.
 
As a member of the Old Mutual Wealth Executive Committee in the role of Chief Distribution Officer, Richard played a pivotal role in developing the business into a leading wealth management business. More recently, as Executive Adviser, he has supported Old Mutual Wealth’s preparations for its forthcoming Managed Separation from Old Mutual plc and proposed listing on the London and Johannesburg Stock Exchanges.
 
Freeman will remain a Director and board member of TISA. He was also recently a member of the FCA’s Financial Advice Market Review Working Group.  
 
Freeman says: “Having personally announced my retirement from Intrinsic and Old Mutual Wealth twice before, I can confirm that this time it’s for real! I have enjoyed a long, rewarding and full career and I believe that it is now right for me to step down from my full-time executive role to explore other opportunities and pursue a slightly less hectic pace of life.
 
“I am confident that I leave Intrinsic and Old Mutual Wealth in fantastic shape and very well-placed to succeed in the future. I am proud to have played my part in building two very successful businesses. I have thoroughly enjoyed working with some exceptional people along the way and I would like to thank all of my colleagues on the Old Mutual Wealth Executive Committee and the Intrinsic Board for their companionship and support. In particular, I want to thank Paul Feeney for his vision and leadership.”
 
Feeney, CEO of Old Mutual Wealth says: “I have really enjoyed working with Richard and have personally valued his insight and guidance. Reluctantly I have had to accept that he does mean it this time. On behalf of everyone at Old Mutual Wealth, we send him our good wishes for the future.”

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