Henderson's Stewart Cazier is to join Old Mutual Wealth, with Paul Craig also joining the firm, after the group agreed a deal to buy up Henderson's remaining stake in Intrinsic's investment company Cirilium.
Cazier will be joining Old Mutual Wealth's distribution team as chief operating officer to help develop its distribution capability.
He said: “This is a very exciting time to be joining Old Mutual Wealth. It has great products, strong asset management and is investing in advice.
“These are all the components of a great customer proposition and I am very much looking forward to being part of its next stage of growth.”
Cazier has been at Henderson since 2009 following its acquisition of New Star.
He is expected to join Old Mutual Wealth in mid-August, once a handover of his current responsibilities has been completed.
Meanwhile Henderson fund manager Paul Craig - who currently manages the Cirilium fund range - and director of strategic partnerships Danny Knight will also move to Old Mutual’s multi-asset and wealth teams respectively after Old Mutual Wealth agreed a deal to buy Henderson's stake in the multi-asset firm.
The Cirilium proposition consists of five multi-manager portfolios and four passive portfolios, each tailored to a different risk / reward investment profile, and is the core investment proposition for Intrinsic's restricted financial advisers.
Craig will continue to be lead fund manager on the Cirilium range after moving to Old Mutual Wealth.
Steven Levin, global head of distribution at Old Mutual Wealth, said: "We believe our integrated customer proposition, encompassing advice, investment solutions and tax efficient products has huge potential for growth in all our markets.
"Stewart brings a huge amount of experience with him and will form an important part of the senior distribution team responsible for seeking out new growth opportunities and ensuring we are delivering a first class proposition to advisers and customers."
