– UK, London – Old Mutual plc (LSE:OML) is pleased to confirm that the appointment of Bruce Hemphill, Group Chief Executive, as an executive director of the Company has taken effect from 1 November 2015.
Bruce Hemphill said: “I am delighted to be joining as Old Mutual’s Group Chief Executive and leading the Group in the next stage of its development.
“My initial focus will be visiting the individual businesses within the Group; building a detailed knowledge of those businesses and their management; and meeting staff, customers and other stakeholders. I look forward to sharing my observations in the second quarter of 2016.”
Bruce Hemphill was previously Chief Executive of Wealth, Insurance and Non-Bank Financial Services at Standard Bank Group, the largest African banking group by assets and earnings. From June 2006 to February 2014, he was Chief Executive of Liberty Group, an African financial services group listed on the JSE.
Julian Roberts, the former Group Chief Executive, ceased to be an executive director of the Company on 31 October 2015. In accordance with the terms of his service agreement, Julian remains available to Old Mutual until 14 April 2016.
Old Mutual provides investment, savings, insurance and banking services to more than 17 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 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.
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