Trevor Manual to join Old Mutual

By Staff Writer
Old Mutual announced on Thursday that Trevor Manual has been appointed as a non-executive Director and member of the Board Risk Committee of the Old Mutual Board with effect from 1 January 2016.
 
Of his appointment, Manuel said: “I am very much looking forward to being able to contribute to the Old Mutual Group's further development over the coming years.”
 
The appointment comes in anticipation of Manual taking the place of the current non-executive Chairman of Old Mutual Group Holdings Limited, Paul Hanratty, who will be leaving Old Mutual in March 2016.
 
Patrick O'Sullivan, chairman of Old Mutual, noted: “We are delighted to be able to appoint Mr Manuel to our Board, given his wealth of experience in advising and guiding the development of the financial services sector in emerging markets. His track record of leadership in developing sound regulation for financial services over many years will be of great benefit to the Group, in particular as we prepare for forthcoming changes in the regulatory environment in South Africa.”
 
In a statement released by Old Mutual, it stated: “Old Mutual Group Holdings Limited is the parent company of Old Mutual Emerging Markets and Nedbank Group Ltd, both of which have been designated by South African regulators as Domestic Systemically Important Financial Institutions. It is anticipated that the OMGH board will be mandated by Old Mutual in due course to fulfil the obligations that are expected to arise under the planned South African "Twin Peaks" supervisory regime applicable to financial conglomerates.”

Recent Articles

Featured Offshore investing 101 – how much should you invest?

Offshore investing has significant financial advantages. We explore how to invest offshore and what it takes to secure great portfolio performance.

When should you invest rather than save?

Extra cash left at the end of the month? We have a look at the differences between saving and investing, and we find out how you should decide which one to pursue.

Investing for your retirement – which product to use?

Retirement annuities (RAs) and tax-free savings accounts (TFSAs) - which is better when planning for your retirement?

3 Reasons for early entry to a retirement village

Your parents may envision their golden years on the porch of your childhood home. However, it’s good to look at the benefits of joining a retirement village.


Latest Guide

Guide to debt rehabilitation solutions