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Old Mutual sold Gerrard to Barclays Bank plc in 2003. [6] Old Mutual Head Office in Sandton. Later in 2000, Old Mutual purchased United Asset Management, based in Boston, for US$1.46 billion in cash and assumed ownership of UAM net debt of around US$769 million, [10] thus acquiring a large and
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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.
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 ...
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The Dutch counterpart of the bank no longer exists. Syfrets SA and Boland Bank listed on the Johannesburg Stock Exchange in 1969. In 1971, NBSA changed its name to Nedbank. [3]: 69 Nedbank Group formed from the merger of Syfrets SA, Union Acceptances and Nedbank in 1973. In 1986, Old Mutual became the major shareholder (53%) of Nedbank. [4]
In September 2000, UAM was purchased by Old Mutual for US$1.46 billion in cash. Old Mutual also assumed UAM net debt of around US$769 million. [2] The company was then renamed Old Mutual Asset Management (OMAN). [7] In June 2016, OMAN acquired 60% of Landmark Partners for $240 million. [8]