Old Mutual Wealth (OMW) has reported record inflows in the first quarter of 2017 with net client cash flows up 59% on last year, as the group also announces the appointment of Tim Tookey, chairman of Alliance Trust Savings and former Lloyds' group finance director, as chief financial officer.
The group said Q1 was its "highest ever quarter for net client cash flow", which jumped from £1.7bn in the same period last year to £2.7bn. This was boosted by integrated flows from adviser network Intrinsic...
Kaynor assumes role
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