Old Mutual Plc - Guy Barker Appointed As Chief Exe
OLD MUTUAL PLC
Guy Barker appointed as Chief Executive of US Life business
Old Mutual plc ("Old Mutual") is pleased to announce a new management structure
for its US Life business, aimed at strengthening the Group's international
financial services capabilities.
Guy Barker has been appointed Chief Executive of Old Mutual's US Life business.
Prior to his appointment Guy had several years of experience in the US market
as Chief Actuary of Jackson National Life in Lansing, Michigan. More recently
he was Managing Director of NatWest Life in the UK from 1995 until 2000, when
he joined Old Mutual as Managing Director, Developed Markets.
Guy, who has assembled a very strong and experienced sales and marketing
oriented team to build the business, has today announced a signing of the
agreement for the acquisition of Unified Life Insurance Company of Texas.
Unified is licensed in 43 states, and will form the base for an annuity and
term insurance business to be launched in the second quarter of 2001.
Jim Sutcliffe, Chief Executive, Life, of Old Mutual said:
"I am very pleased to have Guy and his excellent team on board. Upon the
acquisition of Unified and its broad spread of licences, we will be able to
start operations quickly. We believe the new management team can make a strong
contribution to Old Mutual's US operations within the near future."
2 March 2001
ENQUIRIES:
Old Mutual plc, London Tel: +44 (0) 20 7569 0100
James Poole, Director, Corporate Communications
Old Mutual, Cape Town Tel: +27 21 509 2732
Bruce Allen, Manager, Group Media Communications
College Hill, London Tel: +44 (0) 20 7457 2020
Nicholas Williams
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