Old Mutual plc Type Public company Traded as LSE: OML JSE: OML Industry Insurance banking and asset management Founded 1845 Headquarters London England Key people Patrick O'Sullivan Chairman Julian Roberts Group CEO Revenue 21403 million (2010)1 Operating income 1481 million (2010)1 Net income (24) million (2010)1 Employees 557302 Website www.oldmutual.com

Old Mutual plc (LSE: OML JSE: OML) is an international long-term savings group. Established in 1845 in South Africa it is now a FTSE100 listed company operating in 33 countries.3 Contents 1 History 2 Operations 2.1 Long-Term Savings (Southern Africa Europe Colombia Mexico India and China) 2.2 US Asset Management (United States) 2.3 Banking (Southern Africa) 2.4 Short-Term Insurance (Southern Africa) 2.5 Legacy 3 Senior management 4 Sponsorships 5 Bursaries 6 Office locations 7 See also 8 References 9 External links History

The company was founded by John Fairbairn as a mutual insurance company in 1845 under the name of The Mutual Life Assurance Society of the Cape of Good Hope and became The South Africa Mutual Life Assurance Society in 1885.4 John Fairbairn Founder and first Chairman

In 1939 the Old Mutual art deco office opened in Darling Street as the Mutual Building (or Mutual Gebou in Afrikaans)4 which has since been converted to residential use and known as "Mutual Heights".5 In 1956 Old Mutual relocated its Head Office to Mutualpark in Pinelands and was the largest office block in the southern hemisphere at the time.4

In 1970 Old Mutual acquired a major shareholding in the newly formed Mutual & Federal and later acquiring the remaining shares in 2010.

In 1973 Old Mutual acquired shareholdings in Nedcor Bank (renamed the Nedbank Group in 2005).4

In 1997 and 1998 it acquired UK stockbrokers Capel-Cure Myres and Albert E. Sharpe respectively which then merged to form Capel-Cure Sharp.4

In 1999 it was demutualised and the company listed on the London Johannesburg Zimbabwe Malawi and Namibian Stock Exchanges as Old Mutual. Old Mutual establishes a head office in London.4

In 2000 it bought the Gerrard Group a financial services concern for $857m.6 Capel-Cure Sharp subsequently merged with Greig Middleton Gerrard Group's private client business. Old Mutual sold Gerrard to Barclays Bank PLC in 2003.4

Later in 2000 Old Mutual purchased United Asset Management based in Boston for US$1.46 billion in cash and assumed UAM net debt of around US$769 million7 thus acquiring a large and diverse US-based asset manager. Among the holdings of UAM were the PBHG Funds of Pilgrim Baxter & Associates. In 2003 PBA was one of many companies who faced charges related to market timing brought by the U.S. Securities and Exchange Commission (SEC) and the Attorney General of New York. Ultimately the PBHG Funds (which had been renamed Liberty Ridge) were absorbed into the Old Mutual Funds group.8 In 2005 Mike Levett retired as Chairman and was succeeded by Christopher Collins.4 A Black Economic Empowerment deal was introduced at Old Mutual South Africa Nedbank and Mutual & Federal in 2005.4 In 2006 Old Mutual acquired the Swedish insurer Skandia in a $6.5bn deal bringing additional business in the United Kingdom several other countries in Europe in Latin America the Far East and Australia (which Old Mutual has since exited).9 Old Mutual also announced its Black Economic Empowerment deal in Namibia.4 In 2010 Patrick O'Sullivan became Chairman of Old Mutual plc succeeding Christopher Collins.4 In 2011 Old Mutual sold US Life to Harbinger Group Inc.10 Operations Old Mutual Head Office in London. Old Mutual's primary operations are in the following geographies: Long-Term Savings (Southern Africa Europe Colombia Mexico India and China) The Long-Term Savings division is made up of five main businesses:2 Emerging Markets Old Mutual South Africa Namibia Kenya Malawi Swaziland Zimbabwe India China Colombia and Mexico Nordic Sweden Norway and Denmark Retail Europe Poland Austria Germany and Switzerland Wealth Management Skandia (UK) Skandia Investment Group (SIG) Skandia International Skandia Link (France) Skandia Vita (Italy) and Spain US Asset Management (United States) Operates a multi-boutique model offering institutional clients access to a range of entrepreneurial asset managers.2 Banking (Southern Africa) Nedbank (55% owned) is one of the four largest banking groups in South Africa.2 Short-Term Insurance (Southern Africa) Mutual & Federal provides insurance services in South Africa to the personal commercial and corporate markets.2 Legacy The offshore life business in Bermuda which is now closed to new business.2 Old Mutual formerly owned businesses in Australia Chile Hong Kong and Portugal before exiting those markets. Senior management The Chief Executive Group Finance Director and six other members make up the Group Executive. The Committee meets regularly to address strategic issues to review the Group's progress against its business plan for the year and to discuss other high-level matters affecting the Group's performance or prospects.11 The members are: Julian Roberts Group Chief Executive Old Mutual plc11 Philip Broadley Group Finance Director Old Mutual plc11 Peter Bain President and Chief Executive Officer Old Mutual Asset Management (US)11 Andrew Birrell Head of Risk and Actuarial Old Mutual plc11 Mike Brown Chief Executive Nedbank Group11 Paul Hanratty Chief Executive Officer Long-Term Savings Old Mutual plc and Chairman Old Mutual South Africa11 Don Hope Head of Strategy Development Old Mutual plc11 Don Schneider Group Human Resources Director Old Mutual plc11 Sponsorships Old Mutual and its subsidiaries like Skandia and Nedbank are involved in a number of sponsorships. Some of Old Mutual's key sponsorships from around the world are: the Old Mutual Two Oceans Marathon (South Africa) the Old Mutual National Choir Festival (South Africa) and the Nedbank Golf Challenge (South Africa).12 Skandia sponsors the British Sailing team and Old Mutual US sponsors Trevor Immelman a South African Golfer.12 Bursaries Old Mutual South Africa awards a number of bursaries every year for actuarial students at South African universities. It also offers part-qualified actuarial employees study leave before actuarial exams. Actuarial students are also typically awarded salary increases following exam passes.13 Office locations The Old Mutual Group Head Office is located at 5th Floor Old Mutual Place 2 Lambeth Hill London EC4V 4GG. The South African subsidiary Old Mutual South Africa has its head office located at 93 Grayston Drive Sandton Johannesburg. The subsidiary also has a large office at Jan Smuts Drive Pinelands Cape Town. It also has many smaller offices throughout the country. See also Companies portal Skandia BoE Stockbrokers Nedbank References a b c "Preliminary Results 2010" (PDF). http://financials.oldmutual.com/download/11117/Preliminary%20Results%20Announcement%202010.pdf. Retrieved 18 April 2011.  a b c d e f "Old Mutual at a glance" (PDF). http://www.oldmutual.com/download/7682/Old%20Mutual%20at%20a%20Glance.pdf. Retrieved 18 April 2011.  "About Old Mutual". Oldmutual.com. 13 October 2010. http://www.oldmutual.com/about/index.jsp. Retrieved 18 April 2011.  a b c d e f g h i j k "Old Mutual History". Oldmutual.com. http://www.oldmutual.com/about/heritage.jsp. Retrieved 18 April 2011.  "Web site for the residential community in "Mutual Heights" in Darling Street Cape Town". Mutualheights.net. http://www.mutualheights.net. Retrieved 18 April 2011.  "Old Mutual reaches deal". New York Times. 19 January 2000. http://query.nytimes.com/gst/fullpage.htmlres9F06E2D9173DF93AA25752C0A9669C8B63&sec&spon. Retrieved 18 April 2011.  "Old Mutual extends US reach". The Independent. UK. 20 June 2000. http://www.independent.co.uk/news/business/news/old-mutual-extends-us-reach-with-2bn-uam-acquisition-713116.html. Retrieved 18 April 2011.  Curtain to close on Liberty Ridge Capital Morningstar Advisor 24 November 2008 Old Mutual seals deal for Skandia BBC News 2006 Harbinger Capital Buys Old Mutual's U.S. Life Operations for $350 Million Bloomberg 6 August 2010 a b c d e f g h i "Old Mutual Group Executive". Oldmutual.com. http://www.oldmutual.com/about/managementStructure.jsp. Retrieved 18 April 2011.  a b "Old Mutual Sponsorships". Oldmutual.com. http://www.oldmutual.com/about/sponsorships.jsp. Retrieved 18 April 2011.  "Old Mutual Learners Scholarship Programme for South Africans South Africa". Scholarship-positions.com. 30 July 2010. http://scholarship-positions.com/old-mutual-learners-scholarship-programme-for-southafricans-south-africa/2010/07/23/. Retrieved 18 April 2011.  External links Official site Official Old Mutual South Africa site Official Old Mutual US site Official Skandia site Official Nedbank Group site Old Mutual's Facebook page v d eFTSE 100 companies of the United Kingdom As of 25 May 2011: 3i  Admiral Group  Aggreko  AMEC  Anglo American  Antofagasta  ARM Holdings  Associated British Foods  AstraZeneca  Autonomy Corporation  Aviva  BAE Systems  Barclays  BG Group  BHP Billiton  BP  British American Tobacco  British Land Company  British Sky Broadcasting  BT Group  Burberry Group  Cairn Energy  Capita Group  Capital Shopping Centres Group  Carnival  Centrica  Compass Group  Diageo  Essar Energy  Eurasian Natural Resources Corporation  Experian  Fresnillo  G4S  GKN  GlaxoSmithKline  Glencore International  Hammerson  Hargreaves Lansdown  HSBC  ICAP  IMI  Imperial Tobacco  Inmarsat  InterContinental Hotels Group  International Airlines Group  International Power  Intertek Group  Investec  ITV  Johnson Matthey  Kazakhmys  Kingfisher  Land Securities Group  Legal & General  Lloyds Banking Group  Lonmin  Man Group  Marks & Spencer  Wm Morrison Supermarkets  National Grid  Next  Old Mutual  Pearson  Petrofac  Prudential  Randgold Resources  Reckitt Benckiser  Reed Elsevier  Resolution  Rexam  Rio Tinto Group  Rolls-Royce Group  Royal Bank of Scotland Group  Royal Dutch Shell  RSA Insurance Group  SABMiller  Sage Group  J Sainsbury  Schroders  Scottish and Southern Energy  Serco Group  Severn Trent  Shire  Smith & Nephew  Smiths Group  Standard Chartered  Standard Life  Tesco  TUI Travel  Tullow Oil  Unilever  United Utilities  Vedanta Resources  Vodafone  Weir Group  Whitbread  Wolseley  Wood Group  WPP plc  Xstrata v d eMajor insurance and reinsurance companies Insurance Integrated Aegon  Ageas  AIG  Allianz  Allstate  Aviva  AXA  China Pacific Insurance  China Taiping  Generali  ING  Ping An Insurance  Prudential plc  State Farm Insurance  Zurich Financial Services General insurance Admiral Group  Berkshire Hathaway  BNP Paribas  CNP Assurances  IF P&C Insurance  Mapfre  PICC  QBE Insurance  RSA Insurance Group  Tokio Marine  Travelers  UIIC India  XL Group Life insurance Allianz Life  American International Assurance  Bupa  China Life  Dai-ichi Life  Hartford Life  Jackson  LIC India  Legal & General  Manulife Financial  Meiji Yasuda Life  MetLife  New York Life  Nippon Life  Northwestern Mutual Financial Network  Old Mutual  Phoenix Group  Prudential Financial  Standard Life  Scottish Widows  Sumitomo Life  Sun Life  Swiss Life Reinsurance General Re  Hannover Re  Munich Re  Reinsurance Group of America  Swiss Re  XL Group