OML - Old Mutual Plc - Old Mutual Asset Management Appoints Peter L. Bain as

OML - Old Mutual Plc - Old Mutual Asset Management Appoints Peter L. Bain as    
President and CEO                                                               
OLD MUTUAL plc                                                                  
Issuer code: OLOML                                                              
JSE Share code: OML                                                             
NSX share code: OLM                                                             
ISIN: GB0007389926                                                              
Old Mutual Asset Management Appoints Peter L. Bain as President and CEO         
Old Mutual Asset Management (OMAM), the US-based international asset management 
business of Old Mutual plc, today announced the appointment of Peter L. Bain as 
its new President and Chief Executive Officer.                                  
Peter Bain brings significant experience in the investment management industry  
and specific experience growing a multi-boutique investment organization.  He   
was previously Senior Executive Vice President for Legg Mason, where he worked  
from 2000 to 2009, most recently serving as Head of Affiliate Management and    
Corporate Strategy.  Prior to joining Legg Mason, Peter Bain was an M&A banker  
for Merrill Lynch & Co. and later for Berkshire Capital, where he advised       
clients on acquisitions and other strategic transactions involving investment   
management firms.                                                               
Commenting on the appointment, Julian Roberts, Group Chief Executive, said:     
"This appointment is a key milestone for OMAM`s growth plans.  I am delighted   
that someone with Peter`s successful track record of growing a diversified      
investment business has agreed to lead the company. We are confident that he has
the right qualifications and experience to drive OMAM`s success and growth      
strategy."                                                                      
Commenting on his appointment, Peter Bain said:                                 
"I am very excited to be joining an organization with the breadth and diversity 
of investment talent as OMAM.  I believe strongly that the multi-boutique model 
draws and retains exceptionally skilled investment professionals, and I look    
forward to leading this talented group as it pursues its growth agenda."        
Peter Bain will be based in Boston, the headquarters for OMAM, and will assume  
the CEO position on February 22.  Linda Gibson, the interim CEO for OMAM, will  
resume her prior role as Chief Operating Officer.                               
Ends                                                                            
Media Enquiries                                                                 
Group Media Enquiries                                                           
William Baldwin-Charles      UK      +44 (0)20 7002 7133                        
                                                                                
OMAM Enquiries                                                                  
Chris Herman                 US      + 1 617 369 7306                           
Investor Relations                                                              
Deward Serfontein            SA      +27 (0)82 810 5672                         
Aleida White                 UK      +44 (0)20 7002 7287                        


External Communications                                                         
Patrick Bowes                UK      + 44 (0)20 7002 7440                       
8 February 2011                                                                 
Sponsor:                                                                        
Merrill Lynch SA (Pty) Limited                                                  
Notes to Editors                                                                
About Old Mutual Asset Management                                               
Old Mutual Asset Management (OMAM) is a global multi-boutique investment        
organization, managing and growing a diverse portfolio of asset managers that   
serve institutional and individual investors around the world. The assets under 
management of OMAM`s 18 affiliated investment firms were $258 billion as of     
September 30, 2010. OMAM is the firm through which Old Mutual (US) Holdings Inc.
conducts its U.S. asset management business. Its parent company is London-based 
Old Mutual plc.  More information on OMAM, its member firms, and their          
investment teams and strategies, is available at www.oldmutualus.com            
About Old Mutual plc                                                            
Old Mutual plc 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 in Europe, the Americas, Africa 
and Asia.  Old Mutual plc is listed on the London Stock Exchange and the        
Johannesburg Stock Exchange, among others.                                      
In the year ended 31 December 2009, the Group reported adjusted operating profit
before tax of GBP1.2 billion (on an IFRS basis) and had GBP285 billion of funds 
under management at the year end.  The Group has approximately 54,000 employees.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com                                                               
Date: 08/02/2011 09:00:01 Supplied by www.sharenet.co.za                     
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