We provide investment, savings, insurance and banking services in Africa, Europe, the Americas and Asia. We have 18.9 million customers and approximately 64,000 employees.
Old Mutual began in Cape Town in 1845 as South Africa’s first mutual life insurance company, offering financial security in uncertain times. Today, 171 years on, the Group is made up of four strong businesses operating successfully in their respective markets and enabling positive futures for their stakeholders. We have been listed on the London and Johannesburg stock exchanges, among others, since 1999.
We have four strong businesses in Old Mutual Emerging Markets (OMEM), Nedbank, Old Mutual Wealth (OMW) and Old Mutual Asset Management (OMAM).
To execute a managed separation of the Group into four strong standalone entities. A managed separation of the Group will free the constituent parts into four independent businesses, each having a capital structure and dividend policy suitable for its own strategy that will allow it to access its natural shareholder base.
Following the managed separation, the lead regulator for each business will then be the same as the local regulator. We will manage the separation of the Group in a manner that aims to enhance value to shareholders over time.
OUR STRATEGIC PRIORITIES
Working with our businesses in delivering enhanced performance relative to their peer groups.
Stewardship of the managed separation process, balancing value, cost, time and risk.
Fulfilling the Group’s ongoing regulatory obligations; and managing the Group’s debt obligations, central cost reductions and distributions to shareholders.