Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.
We operate through four business divisions:
Old Mutual Emerging Markets: offering innovative long-term savings, protection, investment and lending solutions. We have operations in Botswana, China, Colombia, Democratic Republic of Congo, Ghana, India, Kenya, Malawi, Mexico, Namibia, Nigeria, Rwanda, South Africa, South Sudan, Swaziland, Tanzania, Uruguay and Zimbabwe.
Nedbank: provides a wide range of wholesale and retail banking services and a growing insurance, asset management and wealth offering. One of the largest four banks in South Africa, with a 20% stake in Ecobank Transnational Inc and a stake in Banco Unico in Mozambique.
Old Mutual Wealth: provides integrated wealth management products, services and advice, combining asset management in the UK and selected international markets.
Institutional Asset Management: a diverse range of investment strategies and products, operating as OM Asset Management in the United States, listed on the New York Stock Exchange, via a multi-boutique model to institutional investors around the world.
Our strategic priorities are to grow and transform our businesses to lead in a responsible and sustainable way.
1. In Africa – build a financial services champion
2. In the UK – build the leading retail investment business
3. In the US – grow our multi-boutique institutional asset management business
4. Across our markets – become recognised as the financial services leader in responsible business
Our approach - Our aim is to imbed responsible business deeply into all we do, recognising that it is in our core operations and day-to-day decisions that we evidenced our responsible approach to business and build trust with our customers. Our commitment to be a leader in responsible business stems from our purpose in society, which is to help our customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities, and the work at large.