Old Mutual is to separate its four main businesses - Old Mutual Emerging Markets, Old Mutual Wealth, Nedbank Group and OM Asset Management in the US, following the conclusion of a strategic review.
The firm said the managed separation of the group will be handled with the view to maximise shareholder value over time. The breakup is expected to complete by 2018. Nedbank and US-based OM Asset Management...
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Reforms not enough
An economic cocktail
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Will report to Pat Shea