Old Mutual Wealth acquires Singapore advisory business

Been working with AAM since 2009

Old Mutual Wealth has completed an acquisition of expatriate adviser AAM Advisory in Singapore, as the group continues expanding its presence in the region.

The group, whose parent firm Old Mutual announced a "managed separation" of its four main businesses last week, said the deal was completed yesterday and demonstrates a long-term commitment to the region, and the financial advice market. Paul Feeney (pictured), CEO of Old Mutual Wealth, said: "We see great potential in AAM Advisory which provides clients in Singapore with professional, competent and reliable advice. We have been working with AAM since 2009 and the speed at which this deal has completed is testament to the way our businesses are aligned with one another. Old Mutual a...