Old Mutual Split Forges Ahead Even as Brexit Risks Returns

  • Insurer to separately list South African, wealth businesses
  • CEO Hemphill sees extended period of rand, market weakness

Old Mutual Plc logo sits in Johannesburg.

Photographer: Nadine Hutton/Bloomberg

Old Mutual Plc plans to split into a South African holding company that will consist mainly of its emerging-markets businesses and another company comprising its wealth management operations, with shares traded on the London Stock Exchange.

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