Old Mutual Wealth is to carve a ready-made £16bn multi-asset business out of its fund management operations, running it separately from the existing single-strategy range of Old Mutual Global Investors (OMGI).
The move - revealed as media reports emerged of OMGI CEO Richard Buxton talking to private equity firms about a buy-out of that business - is part of a continuing refinement of Old Mutual Wealth's business model ahead of its ‘managed separation' from parent Old Mutual and own stockmarket listing next year. The multi-asset business, which comprises portfolio management of multi-asset funds and managed portfolio services as well as fund research, will be led by Paul Simpson. In addition to his appointment...
Bill broadened to include insurable interest in cohabitants, group schemes and trusts
Thursday 4th October at The Hilton London Bankside
Early conversations about end-of-life care are crucial to ensure individuals living longer can make their own decisions, however right-to-die approaches vary all over the world
Group life, critical illness and income protection business bought from Munich Re