Denton’s plans are not known, and he declined to comment.
Denton’s duties will now be handled by Victor France, Old Mutual Wealth sales director (international), an Old Mutual spokesman said.
As reported, Skandia said in September it would consolidate the Skandia International, Royal Skandia and Skandia Life Ireland operations into a single wealth management business called Old Mutual Wealth. Later it revealed that the consolidation would result in the loss of some 200 jobs across the various brands.
Among the Skandia executives whose departures have already been announced include Skandia UK marketing director Nick Dixon and UK director of adviser sales Andy Davies.
The Old Mutual consolidation and resultant job cuts mirror those of other global financial services companies that are responding to the currently challenging conditions and decreased appetite for investment products in many markets.
In a statement, France thanked Denton for his contributions "over many years" to Royal Skandia, and said the company wished him "all the best for the future".
