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Old Mutual Hires Executive To Manage Split

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, has appointed Rob Leith as director of managed separation.

Last week the company said it would split into its four main businesses and may list its emerging market and wealth management arms,

The Anglo-South African financial services company said Leith would be responsible for the “coordinated execution of the managed separation” and would work with its finance director and strategy director.

Leith joins Old Mutual from a private company.

Regulatory changes in and South Africa have made the Old Mutual, which started out in 1845 as a firm in Cape Town, more complex to run in its current form, it said on Friday.

 

 

 

 

Source: Reuters

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