Image:
Paul Feeney: "We continue to refine the long-term strategy of our business and our preparations for listing in 2018 are well on track."
Old Mutual Wealth is to carve a ready-made £16bn multi-asset business out of its fund management operations, running it separately from the existing single-strategy range of Old Mutual Global Investors (OMGI).
The move - revealed as media reports emerged of OMGI CEO Richard Buxton talking to private equity firms about a buy-out of that business - is part of a continuing refinement of Old Mutual Wealth's ...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
