Directorate Change

RNS Number : 6766A

Old Mutual PLC

04 February 2011

 



Ref 17/11

Old Mutual plc

4 February 2011

 

OLD MUTUAL APPOINTS EVA CASTILLO AS A NON-EXECUTIVE DIRECTOR

Old Mutual plc ("Old Mutual") is pleased to announce that Eva Castillo has been appointed today as an independent non-executive director. Ms Castillo has also become a member of Old Mutual's Board Risk, Nomination and Remuneration Committees. 

Ms Castillo's background is in investment banking and wealth management.  Most recently, she led the Global Wealth Management business of Bank of America Merrill Lynch in Europe, Middle East and Africa from 2006 to 2009.  Further details of her background are contained in the Notes to Editors below.

The Chairman of Old Mutual, Patrick O'Sullivan, said:

"We are delighted that Eva has agreed to join our Board and we look forward to benefiting from her wide experience."

Eva Castillo commented:

"I am very pleased to be joining the Board of Old Mutual at a most interesting time in its corporate history."

Pursuant to Listing Rule 9.6.13 (1), details of directorships held by Ms Castillo in publicly quoted companies during the past five years are set out below:

Telefonica SA (Spain)

Cesky Telekom (Czech Republic)

Old Mutual confirms that there are no matters relating to Ms Castillo that would require disclosure under Listing Rules 9.6.13 (2) to (6).  Ms Castillo does not currently have any beneficial interests in shares in Old Mutual or in its separately listed subsidiary, Nedbank Group Limited.

Enquiries

External Communications
Patrick Bowes	UK	[phone]
Investor Relations
Deward Serfontein	SA	[phone]
Aleida White	UK	[phone]
Media
William Baldwin-Charles	UK	[phone]

Notes to Editors

Eva Castillo

Eva Castillo, 48, who is Spanish, led the Global Wealth Management business of Bank of America Merrill Lynch in Europe, Middle East and Africa (EMEA) from 2006 to 2009, having held a number of other senior positions in Merrill Lynch from 1997, including as head of Global Markets and Investment Banking in Iberia and President of Merrill Lynch Spain and, before that, as Chief Operating Officer for Merrill Lynch EMEA Equity Markets. Previously she had worked for the International Equities division of Goldman Sachs in London between 1992 and 1997. Her career in the financial services industry began at the Spanish broker Beta Capital in Madrid, where she worked from 1988 until 1992. She has been a non-executive director of Telefonica SA since the beginning of 2008. She has Bachelor of Arts degrees in Business and Law from the Universidad Pontificia de Comillas - ICADE E3 in Madrid.

Old Mutual

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 JSE, among others.

In the year ended 31 December 2009, the Group reported adjusted operating profit before tax of £1.2 billion (on an IFRS basis) and had £285 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

 

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