| Thu 5 Jan 2012, 16:55 | | OML - Old Mutual Plc - Old Mutual appoints Ian Gladman as Group Strategy |
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OML - Old Mutual Plc - Old Mutual appoints Ian Gladman as Group Strategy
Director
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Ref 1/12
OLD MUTUAL APPOINTS IAN GLADMAN AS GROUP STRATEGY DIRECTOR
Old Mutual plc ("the Group") today announces the appointment of Ian Gladman
as Group Strategy Director. Ian, who will be a member of the Group`s
Executive Committee, worked previously at UBS Investment Bank where he spent
16 years, most recently as Co-Head of Financial Institutions, EMEA, covering
a range of UK and European insurance companies, banks and asset managers.
Ian was previously Head of Corporate Finance South Africa for UBS, during
which time he advised on Old Mutual`s IPO and also advised Nedbank on various
assignments. Prior to joining UBS, Ian worked at Goldman Sachs and JP Morgan.
Ian will assume responsibility for group strategy from Don Hope, who had
indicated that he would like to retire from the Group later in 2012. Until
his retirement, Don will remain on the Executive Committee, as Chairman of
the Group`s Bermudan business and on the Board of Nedbank.
Julian Roberts, Chief Executive of Old Mutual, said: "I am very pleased to be
able to add Ian`s substantial financial services expertise while retaining
Don`s experience and advice during 2012. It considerably strengthens the
capacity of our executive team to further drive our strategic agenda forward
at this critical time in the Group`s development."
Ends
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Patrick Bowes +44 (0)20 7002 7440
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Notes to Editors
Old Mutual
Old Mutual is an international long-term savings, protection and investment
Group. Originating in South Africa in 1845, the Group provides life
assurance, asset management, banking and general insurance to more than 15
million customers in Europe, the Americas, Africa and Asia. Old Mutual is
listed on the London Stock Exchange and the Johannesburg Stock Exchange,
among others.
In the year ended 31 December 2010, the Group reported adjusted operating
profit before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion
of funds under management from core operations, and shareholders` equity of
GBP9.0 billion.
5 January 2012
Sponsor:
Merrill Lynch South Africa (Pty) Limited
Date: 05/01/2012 16:55:01 Produced by the JSE SENS Department.
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