Old Mutual to overhaul Skandia unit

2012-09-11 08:39

Cape Town - Old Mutual [JSE:OML] is rebranding its Skandia label in the UK as part of an overhaul of its merged asset management businesses.

Investment Week reported that the company would reveal its new name, Old Mutual Global Investors, as well as give details of a restructuring of its wealth management arm this week.

Old Mutual bought Skandia in a £3.6bn deal six years ago.

Earlier this year the company announced it would merge its two UK asset management businesses, Skandia Investment Group and Old Mutual Asset Managers UK, into a single unit.

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  • CDerrenberg - 2012-09-11 11:58

    Old Mutual Poor & Below Average Performer: Did you know that the Old Mutual share price / value fell 16.5% in value since 2007 to date ? Real below average performance !

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