Old Mutual Plc

Old Mutual Plc

Sector: Life Insurance Region: United Kingdom

: | London Stock Exchange: OML | Johannesburg Securities Exchange: OML | Namibian Stock Exchange: OLM | Zimbabwe Stock Exchange: OLDMUTUAL

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

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.

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Old Mutual Introduction

Old Mutual Plc video

Old Mutual Introduction


Julian Roberts , Group Chief Executive Old Mutual Group
Julian Roberts has been Group Chief Executive of Old Mutual plc since 2008. He joined the Group in August 2000 as Group Finance Director, moving on to become CEO of Skandia following its purchase by Old Mutual in 2006. He was previously Finance Director of Sun Life & Provincial Holdings plc (part of the AXA Group) and, prior to that, Director and CEO of Aon UK Holdings Limited.
Ingrid Johnson, Group Finance Director Old Mutual Group
Ingrid Johnson has been the Group Finance Director of Old Mutual since July 2014. She was previously the Group Managing Executive: Retail and Business Banking for Nedbank. Ingrid has 20 years' broad-based financial services experience with the Nedbank Group in both line and financial roles. She was appointed to the Nedbank Group Executive Committee in 2008. Her most recent responsibility there, in addition to being a Prescribed Officer, was as Group Managing Executive: Retail and Business Banking. She assumed this role in August 2009, taking responsibility for the turnaround of the Retail Banking cluster and managing the integration of Imperial Bank, in addition to retaining her role of leading the commercial cluster, Business Banking, which she held since 2005. She is a qualified chartered accountant and served her articles with Price Waterhouse and completed the Advanced Management Programme at Harvard Business School.
Paul Hanratty , Chief Operating Officer, Old Mutual Group
Paul Hanratty has been Chief Operating Officer of Old Mutual since July 2014 (having previously been Group Operating Officer from March 2013) and Chairman of Old Mutual South Africa since September 2009. He joined with Old Mutual South Africa in 1984. He is a Fellow of the Institute of Actuaries and has held a number of roles at Old Mutual, including Head of Product Development, General Manager Finance and Actuarial, Head of the Retail business of Old Mutual South Africa and Chief Executive Officer of Long-Term Saving. He joined the Board of Old Mutual South Africa's life business in 2003 and became Managing Director of Old Mutual South Africa in 2006.
Peter L. Bain , President & Chief Executive Officer Old Mutual Asset Management
Peter Bain is President and Chief Executive Officer of OM Asset Management plc, the 78.8% owned U.S.- based global asset management business of Old Mutual plc. He has more than two decades of experience leading and advising firms in the investment management industry. Previously he was a Senior Executive Vice President at Legg Mason, Inc, where he held leadership positions from 2000 to 2009. Most recently he served as Head of Affiliate Management and Corporate Strategy there, with responsibility for overseeing the firm's investment managers. Prior to that, he was Chief Administrative Officer, responsible for the firm's overall administration and operations.
Mike Brown, Chief Executive, Nedbank Group
Mike Brown has been Chief Executive of Nedbank Group Limited since March 2010. He was previously the Chief Financial Officer of the Nedbank Group and of Nedbank Limited from November 2004. Prior to that he headed Property Finance at Nedbank and, before that, he was an executive director of BoE Limited.
Paul Feeney, Chief Executive Officer, Old Mutual Wealth
Paul Feeney has been Chief Executive of Old Mutual Wealth, a leading UK wealth and investment management group, since July 2012. He joined Old Mutual in January 2012 as CEO of Asset Management within the Long-Term Savings Division before moving into his present position. Prior to joining Old Mutual, he was Executive Director and Global Head of Distribution for BNY Mellon Asset Management and, before that, Group Managing Director of Gartmore Investment Management and CEO of Natwest Private Banking
Ian Gladman , Group Strategy Director Old Mutual Group
Ian Gladman has been Group Strategy Director for Old Mutual since January 2012. He had previously worked at UBS Investment Bank for 16 years, most recently as Co-Head of Financial Institutions, EMEA, covering a wide range of UK and European insurance companies, banks and asset managers. He was previously Head of Corporate Finance, South Africa for UBS from 1998 to 2001, during which time he led the local UBS team advising Old Mutual on its demutualisation and original listing. He also advised Nedbank on a number of assignments and BoE on its acquisition by Nedbank. Prior to joining UBS, he worked at Goldman Sachs and at JP Morgan.
Sue Kean , Group Risk Officer Old Mutual Group
Sue Kean has been Chief Risk Officer since January 2011, having joined Old Mutual in July 2010 as Head of Governance and Regulatory Compliance. She has over 25 years' experience in insurance and financial services. She previously worked at Friends Provident and Aviva in a variety of risk and regulatory roles. She also spent time at the Financial Services Authority, and held positions in relation to Solvency II on industry bodies such as the Chief Risk Officer Forum and the European insurance trade body the Committeè Europèen des Assurances (CEA).
Gail Klintworth, Group Customer Director & Responsible Business Lead, Old Mutual Group
Gail Klintworth has been Group Customer Director of Old Mutual since August 2014. She had previously worked for Unilever for 28 years, most recently as their Chief Sustainability Officer from 2012 to 2014. She was appointed Executive Vice President Global Savoury Category, a €5 billion business with a presence in 150 countries, in 2010. Between 2007 and 2010, she was CEO of Unilever South Africa, responsible for a turnover of €1.2 billion. In 2004, she was appointed Chairman of Unilever Home and Personal Care, based in South Africa, with full executive responsibility for operations there, in which capacity she also led a cross-functional board team and was a member of the Africa-Middle East regional board.
Ralph Mupita, Chief Executive Officer, Old Mutual Emerging Markets
Ralph Mupita has been Chief Executive Officer of Old Mutual Emerging Markets since February 2012, after joining Old Mutual in 2001. His previous roles in Old Mutual include Managing Director of Old Mutual Unit Trusts and Old Mutual South Africa's Strategy Director. In 2008, he was appointed Managing Director of Old Mutual South Africa's Retail Affluent division and in April 2011 he became CEO of Old Mutual Life and Savings. He is a director of Old Mutual Emerging Markets, Old Mutual Life Assurance Company (South Africa), Old Mutual Africa Holdings and Old Mutual Investment Group, and serves on various external boards such as the Association for Savings & Investments SA, Business Leadership South Africa, and the University of Cape Town (Graduate School of Business) advisory board.
Don Schneider, Group Human Resources Director, Old Mutual Group
Don Schneider has been Group Human Resources Director since May 2009. He is also a non-executive director of OM Asset Management plc, the NYSE-listed US asset management company which is majority-owned by Old Mutual. He was previously Senior Vice President and Head of Human Resources for the Global Wealth Management Division of Merrill Lynch. Prior to that, he headed HR for their Global Markets and Investment Banking Division. He originally joined Merrill Lynch in 1997 as Head of International Human Resources, based in London, where he was responsible for all HR activities outside the US. Prior to that, he worked for Morgan Stanley for 13 years and held a variety of senior HR roles in both New York and London.

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