Beechwood Renames Old Mutual Bermuda
Beechwood Bermuda announced the renaming of Old Mutual [Bermuda] to Beechwood OMNIA as “part of its commitment to providing international investors with access to guaranteed investment plans.”
“The renamed Beechwood OMNIA, which has been integrated into Beechwood’s existing platform, includes clients from approximately forty distribution partners throughout Asia, Latin America and the Middle East. The completed integration provides Beechwood with the scale necessary to continue to meet demand from new and existing clients for innovative investment plans,” the company said.
“Although Beechwood OMNIA has been closed to new investors since 2009, existing clients of the business will now have access to enhanced features and fixed accounts with higher rate options than are currently offered.
“In addition, as more financial institutions add Beechwood’s Preferred Rate Plus and Escalator Plus investment plans to their platforms, many Beechwood OMNIA clients will have the opportunity to transition their investments to these products, which offer attractive rates and unique investment features such as principal protection guarantees.
“Beechwood Bermuda’s investment solutions are featured on the platforms of over eighty banks and brokerage firms around the world. The investment plans are supported by Beechwood’s seasoned portfolio managers, a senior management team consisting of the former Chief Operating Officers of both Merrill Lynch’s and Morgan Stanley’s U.S. Wealth Management groups, and Beechwood’s experience in managing risk as a reinsurer to leading global financial institutions.”
“We are committed to providing international investors with guaranteed investment plans, and there is a clear opportunity in this market, which contracted during the financial crisis but now is experiencing strong growth in client demand,” said David Lessing, Executive Vice President of Products and Services at Beechwood.
“Our purchase and integration of Beechwood OMNIA uniquely positions us to meet this client demand by sending a clear message to our clients that we are in this market for the long-term.”
