Old Mutual Says Bradley, Scherzinger Leave S. Africa Wealth Unit

Old Mutual Plc, Africa’s biggest insurer, said the head of its South African wealth unit Andrew Bradley and the operations executive Jurgen Scherzinger have resigned.

Both Bradley and Scherzinger will leave at the end of next month, the London-based insurer said in a statement on Friday. Kerrin Land, deputy chief executive of Old Mutual Wealth in South Africa, will become the acting CEO until a successor is found, the company said.

“Bradley and Scherzinger intend to take a break for a while and then explore their options in the financial planning industry,” according to Old Mutual.

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