Royal Skandia, the local Isle of Man employer, today rebrands to Old Mutual International.

Old Mutual International is the cross-border product provider of Old Mutual Wealth, a leading investment business with offices in the Isle of Man, Dublin, UAE, Hong Kong and Singapore.  Old Mutual Wealth’s strategy is to offer customers investment services which combine financial advice, product solutions, investment management and asset management.

Old Mutual International is very proud of its long heritage on the Isle of Man, having been established under the Skandia brand over twenty years ago. It is now one of the largest financial services providers on the Island, employing over 350 people in its office on King Edward Road, Onchan.

Skandia was acquired by Old Mutual plc in 2006 and the launch of the Old Mutual International brand completes its integration into the FTSE 100 group.

Employees on the Island have worked tirelessly fund raising throughout the year for Hospice Isle of Man, a local hospice charity, which includes Rebecca House, the children’s hospice. They have raised ?8,000 which they will be presenting to the hospice later today, together with some Christmas presents that employees have kindly donated to Rebecca House.

Paul Feeney, chief executive of Old Mutual Wealth, comments:

“We are incredibly proud of our Skandia heritage in the Isle of Man and in fact we want to reignite the Skandia passion for innovation and high quality support for financial advisers and customers within Old Mutual International. We are committed to building a strong cross-border investment business under the Old Mutual brand that will offer financial advisers and their clients new investment solutions, using the skills and resources we have invested in over recent years. Being a major employer on the Island gives us a sense of responsibility locally, and we are proud to play an active role in the communities we serve.”