SIG chief executive Bolmstrand steps down

Skandia Investment Group's chief executive Nils Bolmstrand is stepping down from his role a year after taking the reins from Jamie MacLeod.

Bolmstrand will remain with the company but will be based in Stockholm working for the Skandia Nordic business as head of product. The group says the move is for personal reasons, and will mean Bolmstrand has to travel less frequently. Chief operating officer Mark Bulstrode will take over as acting CEO at the end of this year until a permanent replacement is appointed. Bob Head, CEO of Old Mutual Wealth Management says: "Nils has played a key role in the formation and growth of SIG over the past few years and we respect his decision to return to Sweden. "SIG has had a very goo...