Africa
Old Mutual Wealth hires new COO as group break-up approaches
Old Mutual Wealth has appointed Steven Braudo as chief operating officer, effective 1 June 2016.
Barclays reduces stake in Barclays Africa, nets £603m
Barclays sold a 12.2% stake in Barclays Africa Group Ltd (BAGL) on Wednesday, as part of its ongoing efforts to extricate itself from the business.
Old Mutual’s EM units could be listed in S Africa
Old Mutual Emerging Markets, one of four units the UK-headquartered financial services giant plans to spin off, may be listed on the Johannesburg stock exchange.
PraxisIFM acquisition expands Swiss and African presence
Channel Islands-based financial services group PraxisIFM has acquired Ampersand Management, a fiduciary and corporate governance consultancy, to enhance its presence in Switzerland and expand the company’s footprint in Africa.
ANALYSIS: Changes for the ‘changemaker’ as OMW priced up
The four-way split of Old Mutual may be big news globally, though for many observers – and potential acquirers – the more remarkable story is its growing Wealth business.