Old Mutual

Old Mutual
Aged Mutual plc is a worldwide investment, savings, insurance, and banking group. Established in 1845 in South The african continent, it is currently a FTSE100 listed company and has more than sixteen million customers and? 293. 8bn assets under supervision.
he company started 1845 as a shared insurance carrier by John Fairbairn, combined with several other dominant Cape Town figures including the liberal politician Saul Solomon.The first name The Mutual Existence Assurance Society with the Shawl of Good Hope was changed to The Southwest Africa Mutual Life Guarantee Society in 1885.

In 1939, the Aged Mutual art deco business office opened in Darling Road as the Mutual Construction (or, Mutual Gebou in Afrikaans) which in turn has since been changed into residential use and generally known as "Mutual Heights". In 1956 Good old Mutual relocated its Brain Office to Mutualpark in Pinelands that was the most significant office block in the southern hemisphere at the moment.

In 1970, Old Shared acquired a major shareholding inside the newly produced Mutual & Federal, and later acquiring the left over shares in 2010.


In 97 and 1998, it bought UK stockbrokers Capel-Cure Myers and Albert E. Rough respectively which in convert merged to form Capel-Cure Sharp.

In 1999, this was demutualised plus the organization listed on the Birmingham, Johannesburg, Zimbabwe, Malawi and Namibian Stock Exchanges because Old Mutual. Old Common establishes a head workplace in London.

In 2150, it bought the Gerrard Group, a financial providers concern, for $857m. Capel-Cure Sharp subsequently merged with Greig Middleton, Gerrard Group's private client business. Good old Mutual sold Gerrard to Barclays Bank PLC in 2003.

Later in 2k Old Mutual purchased Unified Asset Management, based in Boston, for US$1. 46 billion in cash and assumed ownership of UAM net debt of about US$769 million, thus purchasing a sizable and different US-based asset manager. Among the holdings of UAM had been the PBHG Funds of Pilgrim Baxter & Affiliates. In 2003, PBA was one of many businesses who faced charges associated with market timing brought by simply the U. S. Stock options and Exchange Commission (SEC) as well as the Attorney General of New York. Ultimately, the PBHG Funds (which acquired been renamed Liberty Ridge) were absorbed in the Aged Mutual Funds group.