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OML - Old Mutual Plc - Old Mutual appoints Ian Gladman as Group Strategy

Release Date: 05/01/2012 16:55
Code(s): OML
Wrap Text

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 Enquiries External Communications Patrick Bowes +44 (0)20 7002 7440 Media William Baldwin-Charles +44 (0)20 7002 7133 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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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