 | |
| Company type | Limited company |
|---|---|
| Industry | Financial services |
| Founded | 17 May 1845 (Cape Town, Cape Colony) |
| Headquarters | Sandton, South Africa |
Key people | Trevor Manuel, Chairman Iain Williamson, CEO[1][2] Casper Troskie, CFO[3] |
| Products | Life insurance Savings and investment Asset management Banking Short-term insurance |
| Revenue | R109,877 million (2018)[4] |
| R9,963 million (2018)[4] | |
| AUM | R1.04 trillion (2018)[4] |
Number of employees | 31,000 (2018) |
| Website | www.oldmutual.com |
Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc (formerly 'Old Mutual Wealth') and the unbundling of its shareholding in Nedbank. The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities.
- ^ "Iain Williamson | Biography". www.oldmutual.com. Archived from the original on 13 August 2020. Retrieved 15 July 2020.
- ^ "Old Mutual appoints Iain Williamson as new CEO". BusinessLIVE.
- ^ "Casper Troskie". 7 August 2023.
- ^ a b c "Annual Report 2018" (PDF). Old Mutual. Retrieved 11 June 2019.[permanent dead link]