Lord Alexander Leitch, the founder of Intrinsic which later became Quilter Financial Planning, has passed away at the age of 76.
Quilter announced the news, stating “with a heavy heart, we share the news of Lord Alexander (Sandy) Leitch’s passing”.
The company described Leitch, who had also served as chief executive of Allied Dunbar, as “a true pioneer in financial services”, having founded Intrinsic in 2006 and serving as its chairman.
Quilter chief executive Steven Levin said: “We are deeply saddened by the news of Sandy Leitch’s passing.
“Leitch was not only a visionary leader but also a cherished colleague and friend to many within our business.
“Lord Leitch’s impact on the financial services industry has been profound. His legacy will continue to inspire us all.”
Quilter added that Leitch’s contributions extended beyond financial as he was a passionate advocate for employee volunteering, workplace diversity, and numerous charitable causes.
“Our thoughts and deepest sympathies are with his family during this difficult time,” Levin added.
Leitch was appointed to the House of Lords by Tony Blair in 2004, where he sat as a Labour peer.
He also served as chair of FNZ Group from 2013, during which time he provided “invaluable” leadership and guidance.
FNZ described his contributions to both the company and the broader financial services industry as “immense”.
The group explained that, with over five decades of experience in financial services and insurance, Leitch played a key role in shaping the FNZ’s success, bringing both wisdom and vision to everything he did.
In addition to his role at FNZ, Lord Leitch held several prominent positions, including chair of Bupa and chair and chief executive of Zurich Financial Services UK, Ireland, South Africa, and Asia Pacific.
He also served as deputy chair of Lloyds Banking Group, chair of Scottish Widows, deputy chair of the Commonwealth Education Fund, and chair of the Association of British Insurers.
“His leadership across these diverse roles showcased his deep expertise and influence within the industry,” FNZ added.
tom.dunstan@ft.com
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