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An announcement from Old Mutual ( (ODMUF) ) is now available.
Old Mutual has announced the appointment of Prabashini Moodley as the CEO of its newly formed Life and Savings segment, effective August 1, 2025. This segment will include four business units: Personal Finance, Old Mutual Wealth Management, Old Mutual Corporate, and the Mass and Foundation Cluster, excluding banking. This strategic move aims to enhance customer delivery and leverage scale efficiencies. Additionally, the oversight of Old Mutual Finance and Transaction Services will shift to OM Bank CEO Clarence Nethengwe, aligning with the company’s strategic goals for its banking operations in South Africa. These changes underscore Old Mutual’s commitment to organizational effectiveness, operational efficiency, and sustainable value delivery.
More about Old Mutual
Old Mutual is a premium African financial services group offering a wide range of financial solutions to both retail and corporate customers across key market segments in 12 countries. Primarily operating in Africa, with a niche presence in China, Old Mutual has over 180 years of heritage in sub-Saharan Africa, playing a significant role in the communities and broader society on the continent.
See more data about ODMUF stock on TipRanks’ Stock Analysis page.