Nedbank
Old Mutual break-up plan continues with US asset arm deal
Old Mutual has agreed to sell a minority stake in its US asset management business to Chinese financial services group, HNA Capital, for $446m (£354m, €410m).
Nedgroup rolls out global property Ucits fund
South Africa’s Nedgroup Investments has launched a global property fund, managed by Sydney-based real estate securities specialist Resolution Capital.
People Moves | 28 Jul 16
PEOPLE MOVES: Generali, Schroders, Standard Chartered
Generali has confirmed that a top executive in Asia has resigned, while a Schroders veteran is set to leave the company after a recent corporate restructure saw his role disappear. Standard Chartered, meanwhile, has named a heavy hitter from the IMF as its next chairman and appointed a private banking regional head in Asia.
Old Mutual EM unit moves into West Africa with ETI deal
Old Mutual Emerging Markets (Omem) has teamed up with pan-African banking group Ecobank Transnational Incorporated (ETI) as part of a move to expand its operations into French-speaking nations such as Senegal and the Ivory Coast.
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.