Appointment of Nedbank Non-Executive Director

RNS Number : 6324O

Old Mutual PLC

08 August 2014

 



Old Mutual plc

Ref 166/14

8 August 2014

APPOINTMENT OF GROUP EXECUTIVE DIRECTOR AS NON-EXECUTIVE DIRECTOR OF SUBSIDIARY

Nedbank Group Limited ("Nedbank Group"), the majority-owned South African banking subsidiary of Old Mutual plc, released the following announcement today 8 August:

"APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Shareholders are advised that Paul Hanratty has been appointed as a non-executive director of Nedbank and Nedbank Group with effect from 8 August 2014.

Paul is an executive director and the Chief Operating Officer of Old Mutual plc.  He started his career with Old Mutual South Africa ('OMSA') and is a fellow of the Institute of Actuaries and has held a number of roles at Old Mutual.  These included Head of Product Development, General Manager, Finance and Actuarial and Head of the Retail business.  He joined the Board of the OMSA life business (OMLACSA) in 2003 and became Managing Director of OMSA in 2006 and was appointed as Chairman of OMSA in September 2009."

Enquiries

External communications

Patrick Bowes                           UK         [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Media

William Baldwin-Charles                          [phone]

                                                             [phone]

Notes to Editors

Old Mutual provides life assurance, asset management, banking and general insurance to more than 16 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £294 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

 

END

 

 

MSCEAPPPEEDLEEF