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In 2007, she joined Old Mutual Malawi Limited. From 2011 Edith Jiya was the general manager of Old Mutual Life Assurance Company Malawi Limited, a subsidiary of Old Mutual Malawi Limited, serving there until 2015. In 2015, she was appointed as Acting Group CEO at Old Mutual Malawi Limited. [2] [3]
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By 1999, it was demutualised and the company listed on the London, Johannesburg, Zimbabwe, Malawi and Namibian Stock Exchanges as Old Mutual. Old Mutual also established a head office in London. [6] In 2000, it bought the Gerrard Group, a financial services concern, for $857 million. [9]
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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.
Its shares trade on the Malawi Stock Exchange as FMBCH. In 2023, it had assets of $1.5 billion. Anadkat remains its principal shareholder, and serves as a non-executive board member of FMB Capital and its subsidiaries. In 2007, Anadkat entered into a consortium with Press Corporation and Old Mutual that took over Malawi's main telecoms provider ...
NICO Holdings' headquarters are in Blantyre, Malawi, with operating presence in six African countries i.e. Malawi, Zambia, Tanzania, Uganda, Mozambique and Zimbabwe. [2] The group offers a wide range of financial products and services which include: asset management, life assurance, retirement planning, general insurance, health insurance, banking, information technology and property management.
In 1986, Old Mutual became the major shareholder (53%) of Nedbank. [4] In 1992, Syfrets, UAL Merchant Bank, and Nedbank Investment Bank Division merged to become Nedcor Investment Bank (NIB). Old Mutual, Nedcor's holding company, was demutualised and listed on the London Stock Exchange in 1999. [5]