OUR HERITAGE

KEY DATES IN OUR HISTORY


Creating enterprise value by growing in markets of greatest opportunity and where we have a strong competitive positioning, while becoming recognised as the financial services leader in responsible business.

2019

April

01 st

Old Mutual completes the sale of Old Mutual Mexico, Old Mutual Colombia and Avia.

2018

October

15 th

Old Mutual unbundles it's majority shareholding in Nedbank to its shareholders, marking a total distribution to Old Mutual shareholders worth approximately R43.2 billion and the completion of Old Mutual Group’s Managed Separation.

June

26 th

No.1 Mutual Place, Sandton, Johannesburg becomes the new head office for Old Mutual.

26 th

Old Mutual Limited lists on the Johannesburg, London,  Zimbabwe, Malawi and Namibia stock exchanges.

2017

October

13 th

Old Mutual completes the sale of 26% share in Kotak Mahindra Old Mutual Life Insurance Ltd

June

01 st

Mutual & Federal renamed to Old Mutual Insure

01 st

Peter Moyo becomes Chief Executive Officer of Old Mutual Emerging Markets

March

09 th

Trevor Manuel is appointed as Chairman of Old Mutual Emerging Markets

2016

March

Old Mutual publishes its first Positive Futures Plan.

11 th

Old Mutual plc announces a Managed Separation strategy to create four standalone businesses: Old Mutual Emerging Markets, Nedbank, Old Mutual Wealth UK, and Old Mutual Asset Management (USA).

June

14 th

OM Asset Management acquires majority interest in Landmark Partners.

01 st

Old Mutual sells Rogge Global Partners to Allianz Global Investors.

2015

December

Gross sales exceeds R200 billion

November

02 nd

Bruce Hemphill becomes Group Chief Executive of Old Mutual.

May

17 th

Old Mutual  celebrates 170 years of providing life insurance, property and casualty insurance, savings and investments, asset management and banking and lending solutions

07 th

Old Mutual's Broad-Based Black Economic Empowerment transactions mature, creating net value of over R7.9 billion for Old Mutual's South African empowerment partners, staff and communities

01 st

Dave Macready becomes Chief Executive Officer of Old Mutual South Africa.

April

15 th

Announcement of the appointment of Bruce Hemphill as Group Chief Executive, effective during the fourth quarter of 2015.

March

05 th

To boost the nation's savings and steer its customers towards a greater future, Old Mutual South Africa launches a very attractive new tax-free savings plan. 

February

Old Mutual Wealth completes its acquisition of Quilter Cheviot.

January

Old Mutual acquires 60.7% of UAP holdings, expanding our footprint in East Africa.

2014

November

25 th

Provident Life Assurance renamed to Old Mutual Ghana

August

Skandia Colombia renames to Old Mutual Colombia

April

01 st

Old Mutual acquires a majority share in Faulu Microfinance Bank Limited ("Faulu") in Kenya

January

Skandia Mexico renames to Old Mutual Mexico

2013

September

03 rd

Old Mutual establishes operations in Ghana through the acquisition of Provident Life Assurance

August

01 st

Old Mutual Wealth (South Africa) starts operating, combining seven business units into one single division

February

01 st

Old Mutual acquires 22seven in South Africa

06 th

Old Mutual establishes operations in Nigeria through the acquisition of Oceanic Life

2012

November

19 th

Old Mutual strengthens its distribution capability through the acquisition of Aiva in Uruguay

October

01 st

Nedbank Private Wealth is launched combining  four established businesses formerly known as BoE Private Clients, Fairbairn Private Bank Limited, Fairbairn Trust Company Limited and Fairbairn Trust Limited

2010

May

17 th

Old Mutual celebrates 165 years of providing life insurance, property and casualty insurance,savings and investment, asset management and banking and lending solutions

February

05 th

Old Mutual acquires the remaining minority shareholding in Mutual & Federal

2007

January

Old Mutual Asset Managers (South Africa) restructured into a multi-boutique model under the renamed Old Mutual Investment Group (South Africa)

2006

September

04 th

Old mutual announces a Broad Based Black Economic Empowerment deal in Namibia

July

Old Mutual South Africa acquires Marriott Property and Income Specialists, a property investment business

February

Old Mutual PLC completes the acquisition of Skandia

2005

September

15 th

Old Mutual PLC makes offer for Skandia for total consideration approximately SEK 44.9bn

May

12 th

Nedcor Limited, the holding company of Nedbank, changes its name to Nedbank Group Limited

April

19 th

Broad Based Black Economic Empowerment (BBBE) deal executed at Old Mutual South Africa, Nedbank and Mutual & Federal. This is the largest financial services empowerment transaction at the time on the JSE

2004

July

OM Kotak Mahindra changes company name to Kotak Mahindra Old Mutual Life Insurance Limited

January

20 th

Mutual & Federal becomes a wholly owned subsidiary of Old Mutual

2002

November

06 th

Nedcor Bank Limited changes its name to Nedbank Limited

11 th

Old Mutual sells Old Mutual Securities Limited to Secure Trust Banking Group

July

Nedcor acquires BoE Bank

2001

November

13 th

Nedcor and Old Mutual announce the merger of Permanent Bank and Old Mutual Bank, to form Old Mutual Banking Services

April

19 th

Nedcor and Old Mutual acquire Fleming Offshore Banking, renaming it to Gerrard Private Bank. It was subsequently renamed as Fairbairn Private Bank and in 2012 became known as Nedbank Private Wealth

19 th

Old Mutual South Africa purchases 20% stake in Umbono Fund Managers, a black empowered index investment house

2000

October

01 st

Mutual & Federal acquires CGU Holdings South Africa

September

01 st

Old Mutual enters into a joint venture with Indian life insurer Kotak Mahindra Finance Ltd

May

18 th

Nedcor acquires FBC Fidelity Bank Limited

1999

July

12 th

Old Mutual PLC lists on the London, Johannesburg, Zimbabwe, Malawi and Namibia stock exchanges.  Listing price is 120p (R11.25), giving the company a market capital of £3.9bn (R36.8bn)

May

Old Mutual is demutualised

1998- 1831

1998

First call centre set up in Mutualpark with a team of 40 people (Today the centre employes more than 500 people)

1998

Old Mutual acquires private client stockbroker Albert E Sharp. merging it with Capel-Cure Myers to form Capel-Cure Sharp

1997

Old Mutual acquires 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

1994

South Africa holds its first democratic elections

1993

Old Mutual Asset Managers is founded as a new subsidiary company

1986

Old Mutual makes its first entry into the UK market with the acquisition of Providence Capital

1982

Old Mutual premium income exceeds R1 billion a year

1973

Old Mutual acquires a shareholding in Nedcor Bank

1971

Old Mutual's premium income exceeds R100 million a year

1970

Old Mutual acquires a majority shareholding in the newly-formed Mutual & Federal

1966

Old Mutual forms the South African Mutual Unit Trust Company Limited to administer its mutual fund/unit trust activities

1957

Mutualpark in Pinelands is opened and is the largest office block in the southern hemisphere at the time

1954

Old Mutual issues its millionth policy

1939

Old Mutual's Art Deco head office in Cape Town opens; at 96.8 metres the tallest man-made building in Africa at the time

1927

Old Mutual builds its first office in Zimbabwe

1920

Old Mutual opens its first office in the capital of Namibia, Windhoek (then known as South West Africa)

1910

Old Mutual Chairman John X Merriman is elected first premier of the Cape Colony

1901

The first women staff member in Old Mutual is employed in the Oudtshoorn branch

1895

Old Mutual opens a new agency in Harare, Zimbabwe (then known as Salisbury and Rhodesia respectively).

1870

Old Mutual's emblem is designed by board chairman Charles Bell. The interlocking anchors represent mutual strength.

1885

The company changes its name to South Africa Mutual Life Assurance Society and starts to refer to itself as "Old Mutual" to emphasise the fact that it was South Africa's first mutual society

1845

Scotsman John Fairbairn founds The Mutual Life Assurance Society of the Cape of Good Hope with no initial capital other than the premiums of its first 166 policyholders

1831

Cape of Good Hope Bank, later to become part of the Nedbank Group, is established