Cheyne joins the pension provider from Royal Skandia, where until recently he was responsible for looking after the company’s intermediary business in South East Asia.
He was described by Momentum as having an “in-depth understanding of international pensions, and in particular QROPs products”, as a result of having worked with pension products in the past.
Altogether he has worked in the financial services industry for more than 24 years, Momentum said.
Momentum Group chief executive Mark Gaywood said Cheyne’s appointment came as the company was preparing to bring some new products to market.
Cheyne’s appointment took effect yesterday.
Growing pensions provider
As reported, BW Oakfield, an Isle of Man rival to Momentum, last year acquired a stake in both Momentum’s IoM and Maltese operations.
The purchase price was not disclosed. In announcing the deal, BW Oakfield said it was expected to enable the combined entities to expand their footprint throughout Europe, as well as to offer their clients the combined expertise of both companies in the areas of QROPS, qualifying non-UK pension schemes, and international pensions generally.
