Skandia's WealthSelect director Millard to exit

Skandia's director of investments James Millard is to exit the business at the end of the year after the group opted to hand the running of its managed portfolio service to Old Mutual Global Investors.

Millard, who was appointed head of the investment solutions team last December, has been involved in the creation of its WealthSelect fund range. The managed portfolio service sits within the WealthSelect proposition, and the group has now decided it will be turned over to John Ventre and his multi-asset team next year. Millard (pictured) has therefore opted to exit the group, Skandia confirmed. A Skandia spokesman said: "As we prepare for the launch of our new WealthSelect proposition next year we have taken the decision to run the managed portfolio service that will be part of th...