Old Mutual Appoints New Chairman for OM Bank Board

Old Mutual Ltd. ( (ODMUF) ) has provided an update.

Old Mutual Limited has announced the appointment of Ms Nomkhita Nqweni as the Chairman of the OM Bank Board, following her resignation as an independent non-executive director of Old Mutual. This strategic move, approved by the South African Reserve Bank’s Prudential Authority, is expected to enhance the establishment of OM Bank and strengthen Old Mutual’s long-term competitive advantage in building an integrated financial services business.

More about Old Mutual Ltd.

Old Mutual is a premium African financial services group providing a wide range of financial solutions to retail and corporate customers across 12 countries, with its primary operations in Africa and a niche business in China. With over 179 years of heritage in sub-Saharan Africa, Old Mutual plays a significant role in the communities it serves and the broader society on the continent.

YTD Price Performance: 2.72%

Average Trading Volume: 10,191

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.21B

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