Marlborough’s chief investment officer Nicholas Cooling to retire
The firm’s multi-asset CIO, Sheldon MacDonald, is named to succeed him
Old Mutual
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Quilter revamps executive committee following IPO
Martin Baines steps down as Quilter Cheviot CEO
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FCA rules out enforcement action against life companies
Treatment of long-term customers of Old Mutual, Abbey Life, Countrywide Assured, Prudential investigated
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Paul Feeney: We don’t want to be a firm of just bald blokes
Quilter chief executive Paul Feeney has admitted the company is “behind the eight-ball” on gender diversity as it floats on the London and Johannesburg stock exchanges on Monday following its demerger from Old Mutual.
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Buxton’s single strategy sale approved
Quilter has received regulatory approval for the sale of Richard Buxton’s £27.5bn single strategy funds business as the wealth management business sets an indicative price range for its float later this month.
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Quilter chair buys shares ahead of managed separation
Quilter’s independent non-executive chairman Glyn Jones has invested over £645,000 in Old Mutual as details around the firm’s managed separation are finalised.
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Old Mutual shareholders green light managed separation
Old Mutual shareholders have voted in favour of the company’s much-heralded managed separation at a meeting in London.
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Old Mutual C-suite step back as managed separation finalised
Old Mutual chief executive Bruce Hemphill and chief financial officer Ingrid Johnson have resigned from their board positions at the group as details on the final legal process for the managed separation are announced.
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Old Mutual chairman leaves to join Saga
Old Mutual chairman Patrick O’Sullivan will be stepping down from his role after the firm’s managed separation is concluded to become the chairman of Saga Group.
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OMGI hire boosts ESG credentials
Old Mutual Global Investors (OMGI) has appointed Freddie Woolfe as head of responsible investment and stewardship.
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Old Mutual sells majority stake in Nedbank
Old Mutual will reduce its 54% stake in South African lender Nedbank to 19.9% as part of its ongoing plans to restructure and separate its business.
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Clock ticking for OMGI bids
A deadline for bids to buy out Old Mutual’s asset management arm has given firms two weeks to enter submissions, Reuters has reported.