- Financial Times•2 days ago
Old Mutual Wealth has appointed former Lloyds Banking Group executive Tim Tookey as its finance director as the wealth manager prepares for a flotation next year. Mr Tookey, who has been on the board of ...
- Reuters•2 days ago
Anglo-South African financial services group Old Mutual is selling its 26 percent stake in an Indian insurance joint venture for 156 million pounds ($201.75 million), as part of the group's planned break-up into four parts. Old Mutual sold the stake in Kotak Mahindra Old Mutual Life Insurance to its joint venture partner Kotak Mahindra Bank, Old Mutual said in a statement on Friday. Old Mutual said last month it was on track to complete its break-up by the end of 2018, although improvements to IT systems at asset manager Old Mutual Wealth could take longer and cost more than expected.
- Reuters - UK Focus•2 days ago
Financial services group Old Mutual (Other OTC: ODMUF - news) Plc's UK asset management business reported its higher ever quarter for client inflows and funds under management for the first three months of the year, citing increased demand for its services and platform. Old Mutual Wealth forecast that markets would remain volatile and challenging in the medium term, especially until the outcome of Britain's June general election and more detail of the terms of the country's exit from the EU were known. The business's net client cash flows, excluding Old Mutual Italy and the South African branches, rose 59 percent to 2.7 billion pounds ($3.5 billion) in the quarter ended March 31.
ODMTY: Summary for OLD MUTUAL PLC UNSP ADR EA REP - Yahoo Finance
Old Mutual plc (ODMTY)
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|PE ratio (TTM)||15.13|
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