Appointment of Nedbank Chief

RNS Number : 9528O

Old Mutual PLC

17 March 2009

 



Ref 12/09

17 March 2009

APPOINTMENT OF NEDBANK CHIEF EXECUTIVE DESIGNATE 

Nedbank Group ('Nedbank'), the 55%-owned South African banking subsidiary of Old Mutual plc ('Old Mutual') has today announced the appointment of Mike Brown as Chief Executive Officer designate. He will replace Tom Boardman who retires in February 2010.  

Mike Brown (42) is currently Nedbank Chief Financial Officer and a member of the Nedbank board and executive committee.  Prior to joining Nedbank, he held various positions in BoE Limited ('BoE') which was acquired by Nedbank in 2003, latterly as Managing Director, BoE Corporate and main board director (1999 - 2002). He also spent four years at NBS Bank (1993 - 1996) and five years at Deloitte & Touche (1988 - 1993).  

The full Nedbank announcement can be found on its corporate website www.nedbank.co.za. 

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com  

Enquiries

Investor Relations
Aleida White	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
Brian Cattell (Finsbury)	UK	[phone]

Notes to Editors

Old Mutual

Old Mutual plc is an international savings and wealth management company based in the UK. Originating in South Africa in 1845, the group has a portfolio of businesses offering life assurance, asset management, banking and general insurance services in over 40 countries in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Company has approximately 55,000 employees.

 

END

 

 

BOACKAKBFBKDOND