Old Mutual to Be Broken Up as CEO Hemphill Chases Growth

Updated on
  • All four operating units to be separated by 2018, company says
  • Insurer reports that full-year profit rose 4.8 percent

Old Mutual Plc plans to split into four units as Chief Executive Officer Bruce Hemphill breaks up the U.K. financial services company to reverse years of flagging returns.

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