(Reuters) - South Africa's biggest insurer Old Mutual has merged its UK distribution platform Selestia with platforms run by Skandia, the Swedish group it bought last year, to create Britain's largest fund platform.
The combined business, including Skandia Life and Skandia MultiFunds, will be led by Brett Williams, who will report to Nick Poyntz-Wright, chief executive of Skandia UK & Offshore, Old Mutual said on Monday, confirming an expected move.
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