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Quilter plc, formerly known as Old Mutual Wealth Management Limited, is a British multinational wealth management company formed to take over the UK wealth management [3] business of Old Mutual plc after its separation of business. [4] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
In 2011, Old Mutual sold US Life to Harbinger Group Inc. for $350 million. [14] Old Mutual sold its Nordic operations to Skandia Liv for £2.1 billion in 2012. [15] In 2013, Old Mutual strengthened operations in Africa with the acquisition of Provident Life Assurance in Ghana [16] and Oceanic Life in Nigeria. [17]
Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa.UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.
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The Old Mutual business has a long history. In 1845 John Fairbairn (a Scot) founded "The Mutual Life Assurance Society of the Cape of Good Hope" in Cape Town.Over the next 100 years the business was to evolve significantly, changing its name in 1885 to the "South Africa Mutual Life Assurance Society", but becoming familiarly known simply as "The Old Mutual", so as to distinguish it from newer ...
As well as in the UK, Old Mutual Wealth had operations in Europe and various international markets, overseeing £78.5 billion in customer investments. [4] Paul Feeney was the Chief Executive Officer of Old Mutual Wealth. [5] In March 2012 Old Mutual sold the Nordic businesses (Sweden, Denmark, Norway) to the Swedish-based Skandia Liv, a partly ...
In 2014 Old Mutual acquired a controlling 67 percent interest in Faulu Kenya, the second-largest microfinance bank in Kenya, whose stock is privately held, for a sum of KSh3.6 billion (approx. US$40 million). [4] [5] In early 2015, Old Mutual, spent a total of US$253.1 million (KSh 23.1 billion) to acquire 60.66 percent shareholding in UAP ...
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