You are here: Home - News -

News

Old Mutual ‘considering options’ in face of break-up – reports

by:
  • 07/03/2016
  • •
  • 0
Old Mutual ‘considering options’ in face of break-up – reports
Old Mutual Wealth has refused to confirm reports that it plans to split up the company into separate businesses but admits it is considering all options in a strategic review of the company.

A Sky News report revealed the company had received a multi-billion pound offer for its wealth management division.

Old Mutual is said to be working on a plan to separate the company into individual firms; Nedbank, a large South African lender, its wealth unit which includes IFA network Intrinsic, its emerging markets operation in South Africa, and its institutional asset management business.

A spokesperson from Old Mutual said: “When our new chief executive Bruce Hemphill joined on 1 November 2015, we announced that we would be conducting a strategic review.

“We can confirm that all options for the strategic review are being considered but no decision has yet been made.”

Old Mutual will provide an update on the strategic review of the company when it announces its preliminary results for 2015 on Friday.

Related Posts

Share This Article
Tags

Samantha Partington is a freelance trade and consumer journalist writing about property and personal finance. Previously she worked worked for the Daily Mail and Property Week. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions. Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Samantha is CeMAP qualified. Follow her on Twitter @SamJPartington1.

There are 0 Comment(s)

You may also be interested in

Email Newsletter

Register your account and sign up for our newsletter

Upcoming Events

The Buy to Let Market Forum 2024

May 01, 2024
Cardiff City Stadium, Cardiff

The Buy to Let Market Forum 2024

May 02, 2024
Select Car Leasing Stadium, Reading

The British Specialist Lending Awards 2024

May 16, 2024
Hilton London Bankside

Latest Poll

Are you selling more protection business since this time last year?

View Results

  • Useful Links:
  • Follow Us
© AE3 Media Ltd, Basement office, 21 Great Winchester Street, London, EC2N 2JA , Company registration number 8938488.
AE3 Media Limited is authorised and regulated by the Financial Conduct Authority
The principal business of AE3 Media is journalism. As our website contains links through to firms which provide consumer credit we have limited permission to undertake credit broking activities and for these limited activities only AE3 Media Limited is authorised and regulated by the Financial Conduct Authority
We take reasonable care to correct errors or omissions on our site as soon as we can after we are made aware of them. However, we do not guarantee that all information is accurate and free of errors and omissions at all times and we do not accept any responsibility or liability for any loss you may suffer as a result of information on this site not being accurate at all times.
We do not recommend or accept any responsibility for any third party provider’s products, services, information, advice or opinions provided to you either directly or via their websites. We will not be responsible to you if any product or advice you obtain form a third party is not suitable for you or does not meet your requirements. Any links to a third party provider’s website on this site are for your convenience only. If you contact a third party provider advertised or mentioned on this website, either directly or via a link, any use by you of the third party provider’s website, products or information will be subject to the third party provider’s own terms and conditions. You should read these carefully.