New Managing Director for Mut

RNS Number : 1461Y
Old Mutual PLC
17 December 2010
 



Ref 184/10

 

17 December 2010

 

 

New Managing Director for Mutual & Federal

 

Mutual & Federal Insurance Company Limited (Mutual & Federal), the subsidiary of Old Mutual plc, today announced the appointment of Peter Todd as its new Managing Director.

 

Peter has a wealth of experience in the insurance industry and most recently was Managing Director of Absa Insurance and Financial Advisers.  Peter was responsible for distribution of all financial service products within Absa Financial Services and managed a multi-channel business that covered all customer segments from mass market to large companies.

 

Prior to joining Absa in 2007, Peter was the Regional Managing Director of Lockton Asia Pacific (formerly Alexander Forbes) where he was responsible for the Group's operations in eight countries in Asia-Pacific, and was previously Senior Vice-President Distribution and Major Accounts for AIG South Africa.

 

Commenting on the appointment, Julian Roberts, Group Chief Executive, said:

 

"I am delighted that someone with Peter's  broad operational skills and experience has agreed to join M&F. Peter will join a team who are dedicated to building the capabilities of Mutual & Federal within the Old Mutual Group."

 

 

 

Enquiries

 

External Communications



Patrick Bowes

UK

+44 (0)20 7002 7440




Investor Relations



Deward Serfontein

SA

+27 (0)82 810 5672

Aleida White

UK

+44 (0)20 7002 7287




Media



William Baldwin-Charles

UK

+44 (0)20 7002 7133

 

 

Notes to Editors

 

Old Mutual

 

Old Mutual plc is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance 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 2009, the Group reported adjusted operating profit before tax of £1.2 billion (on an IFRS basis) and had £285 billion of funds under management at the year end.  The Group has approximately 54,000 employees.

 

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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