Company History
2007
|
Event
|
| October |
SkandiaBanken sells SkandiaBanken Bitifiance, its Nordic vehicle financing business |
| October |
Old Mutual announces it share buyback programme |
| June |
Keith Kennedy appointed Managing Director of Mutual & Federal Insurance Company Limited, replacing Bruce Campbell |
| June |
Old Mutual applies to de-list its shares in Sweden from Stockholmborsen and to have its shares traded on the Xternal list. |
| May |
Bertil Hult appointed as Skandia's new Nordic CEO |
| May |
Dean Richards appointed CEO of Skandia-BSAM in China |
| April |
Completion of sale of shares by the OMSA Unclaimed Shares Trust |
| January |
Rosie Harris appointed as Head of Risk and Compliance |
2006 |
Event |
| December |
Skandia sells Skandia Vida in Spain |
| September |
Growth Equity Manager Ashfield Capital Partners to join OMAM. |
| September |
Old Mutual Group announces its BEE deal in Namibia |
| July |
Jonathan Nicholls appointed new Group Finance Director |
| May |
Mike Levett retires as Chairman of Old Mutual plc |
| May |
Scott Powers appointed as first Chief Executive Officer of Old Mutual (USA) |
| April |
Paul Hanratty appointed as Managing Director of Old Mutual South Africa, replacing Roddy Sparks |
| March |
Old Mutual's offer for Skandia - final acceptance and settlement |
| February |
Old Mutual registered on "A" List of the Stockholmsbörsen AB/Stockholm Stock Exchange (SSE) |
2005
|
Event
|
| October |
Bob Head becomes the Group Director of Southern Africa to bring Old Mutual's three SA businesses closer together. |
| May |
Chris Collins appointed at Chairman of Old Mutual plc, replacing Mike Levett |
| April |
Old Mutual announces Black Economic Empowerment deal |
| January |
Richard Hoskins appointed Deputy Finance Director of Old Mutual plc |
2004
|
Event
|
| October |
Pilgrim Baxter & Associates announces change of name to Liberty Ridge Capital |
2003
|
Event
|
| December |
Completion of the sale of Gerrard Management Services Limited to Barclays Bank PLC |
| October |
Tom Boardman appointed Chief Executive of Nedcor, replacing Richard Laubscher |
| October |
Old Mutual and British Council - Launch of South African and UK Schools Partnership Programme |
| May |
Old Mutual plc re-launches its GNI Fund Management operation under the name Bright Capital, a fund of hedge funds manager |
| April |
Bob Head appointed as Strategy Director for the Group |
| April |
Old Mutual purchases Sage Life (Bermuda) Ltd |
| April |
Old Mutual plc announces its head office relocation with effect from 01 Oct 2003 to OM Place |
| February |
Hasan Askari appointed as Deputy Chairman of OMFS in the UK, replacing Edmond Warner former CEO of Old Mutual Financial Services |
2002
|
Event
|
| December |
Old Mutual announces it has entered into a conditional agreement to sell King & Shaxson Bond Brokers Limited to Phillip Securities Limited |
| November |
Sale of Old Mutual Securities for up to £12m |
| October |
Sale of GNI Holdings to Man Group plc for £100m |
2001 |
Event |
| December |
Sale of Old Mutual International (Isle of Man) to Aberdeen Asset Management |
| November |
Nedcor and Old Mutual (South Africa) announce merger of Permanent Bank and Old Mutual Bank to form Old Mutual Banking Services |
| November |
Jim Sutcliffe takes over as Chief Executive of Old Mutual |
| September |
Scott Powers takes role of Chief Executive of Old Mutual (US) Holdings Inc |
| September |
Old Mutual completes purchase of F&G Life |
| July |
Mile Levett splits role of Chairman and Chief Executive |
| May |
Launch of OM Kotak Mahindra Life Insurance Co. Ltd in India as a joint venture with Kotak Mahindra |
| April |
Sale of UAM affiliate Pell Rudman for $200m |
| April |
Proposed acquisition of Fidelity & Guaranty Life for $635m |
| April |
Nedcor and Old Mutual join forces in offshore private banking venture in the acquisition of Fleming Offshore Banking since renamed Gerrard Private Bank, now known as Fairbairn Private Bank |
| April |
Roddy Sparks appointed as Managing Director of Old Mutual South Africa |
| March |
Guy Barker appointed as Chief Executive of Old Mutual's US life business |
| March |
Gerhard van Niekerk retires as Managing Director of Old Mutual South Africa |
| March |
Acquisition of Unified Life Insurance Company for $25m renamed American Life in April 2001 |
2000
|
Event
|
| December |
Re-branding of Capel Cure Sharp and launch of Gerrard brand the leading private-client wealth manager in the UK |
| December |
Restructuring of UAM with new US holding company US Mutual (US) Holdings Inc |
| October |
Sale of UK Asset manager, Murray Johnstone, by UAM for £150m |
| October |
Mutual & Federal acquisition of CGU Holdings South Africa for £115m |
| September |
$2.2bn acquisition of United Asset Management Corporation, new renamed Old Mutual Asset Management US |
| August |
Julian Roberts FCA appointed as Group Finance Director |
| May |
Greig Middleton and Albert E Sharp Securities merged to form Old Mutual Securities |
| March |
£525m acquisition of Gerrard Group |
Old Mutual has a history of more than 150 years as a South African based mutual society prior to its public listing in 1999.
Date
|
Event
|
| 12 July 1999 |
Listing of Old Mutual on LSE, JSE, ZSE, MSE, and NSE at 120p (R11.25) giving the company a market capital of £3.9bn (R36.8bn) |
| May 1999 |
Policyholders in the South African Mutual Life Assurance Society approve demutualisation |
| 1998 |
Old Mutual acquires a second UK-based provider of portfolio management and stockbroking services, Albert E Sharp, which is subsequently merged with Capel-Cure Myers to form Capel-Cure Sharp. Assets top R307 billion at end June 1998 |
| 1997 |
Old Mutual acquires leading UK private client stockbroker and investment manager, Capel-Cure Myers |
| 1995 |
Old Mutual Investment Advisers is established in Boston, USA. Old Mutual opens offices in Hong Kong and Guernsey. On 17 May, Old Mutual turns 150 years old |
| 1982 |
Old Mutual becomes the first South African life assurer to receive R1 billion in premium income in one year |
| 1971 |
Old Mutual's premium income exceeds R100 million a year |
| 1966 |
Old Mutual forms the South African Mutual Unit Trust Company Limited to administer its mutual fund/unit trust activities |
| 1954 |
Old Mutual issues its millionth policy |
| 1927 |
Old Mutual opens its first office in the capital of Zimbabwe, Harare (then known as Salisbury) |
| 1910 |
South Africa gains self-government from Britain and becomes a Commonwealth Union |
| |
Old Mutual chairman John X. Merriman is elected first premier of the Cape Colony |
| 1870 |
Gold is discovered in the Transvaal. Old Mutual's emblem is designed by board chairman Charles Bell - who also designed the Cape colony's first postage stamps twenty years before |
| 1845 |
The 166-member Mutual Life Assurance Society of the Cape of Good Hope is founded - with no initial capital other than the premiums of its first policyholders |
