Old Mutual only wants to keep 19.9% of the bank. The Mauritius units are holding companies for the non-Kenyan operations. Old Mutual Investment Group is the asset management business responsible for listed investments. UAP Insurance S.Sudan is a subsidiary of the UAP Old Mutual Group, EA, which is part of Old Mutual Limited (OML) a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 17 countries. This gives Old Mutual 66.67% control of UAP Holdings.[13]. UAP Financial Services Kenya Limited – Nairobi, Kenya – 100 percent shareholding – Offering. [3], UAP Holdings expanded to Uganda in 2005, to South Sudan in 2006, to Rwanda and the Democratic Republic of the Congo in 2011, and to Tanzania in 2013. Fund Prices. These subsidiaries have various lines of business in the Financial Services Industry, including Life and Savings, Property and Casualty, Asset Management and Banking and Lending. Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. The organizational chart of Old Mutual displays its 546 main executives including Iain Williamson, Richard Treagus and Khaya Gobodo × We use cookies to provide a better service. The group entered Tanzania through the acquisition of Century Insurance Company Limited and re-branded it to UAP Century Insurance Company Limited. The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Tanzania, the Democratic Republic of Congo, and Mauritius. UAP Properties South Sudan Limited – Juba, South Sudan – 70 percent shareholding – real estate. UAP Holdings is governed by a fourteen-person board of directors with Joseph Wanjui serving as the chairman of the group and Peter Mwangi as the chief executive officer. UAP Century Insurance Company Limited –. Old Mutual Alternative Investments (OMAI) is one of Africa’s leading private alternative investment managers. Old Mutual Equity Fund Buying Price: 360.82 Selling Price: 360.82. These controls are based on the requirements of the business and conform to commonly accepted industry standards as well as contractual and legal requirements. UAP Investments – Nairobi, Kenya – 100 percent shareholding – Offering, UAP Properties Uganda Limited – Kampala, Uganda – 79 percent shareholding –. Fri 19 Jan, 2018 - 10:05 AM ET. [4] In total, UAP has sixteen businesses operating in the region. Old Mutual Wealth Limited is authorised and regulated by the Financial Conduct Authority. JSE SHARE CODE: OML . Old Mutual headquarters is located at 107 Rivonia Rd, Johannesburg. UAP Old Mutual Uganda is a subsidiary of the UAP Old Mutual Group, EA, which is part of Old Mutual Limited (OML) a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 17 countries. Old Mutual plc was re-registered as a Private Company Limited in February 2019 under the name OM Residual UK Limited. We operate as a multi-boutique investment house. OLD MUTUAL PLC . Post us at: PO Box 30158, Lilongwe 3, Malawi; Visit us at: Old Mutual Building, Robert Mugabe Crescent, City Centre, Malawi; Call us: +265 (0) 1 773 522; Fax us: +265 (0) 1 771 075; If you're in Mzuzu The Mauritius units are holding companies for the non-Kenyan operations. Old Mutual has offices in Johannesburg, Cape … We’re an integrated financial services provider in East Africa, leveraging on the strength of our capabilities in local expertise and the global group. Old Mutual Limited still owns some 54% in Nedbank, but most of its shares will be transferred to Old Mutual shareholders in the next six months. UAP Financial Services Uganda Limited – Kampala, Uganda – 89 percent shareholding – Offering financial services, investment management, advisory and brokerage services. Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited are registered in England and Wales under numbers 1680071 and 4163431 respectively. So far, the managed separation is seemingly going smoothly, Bright Khumalo, portfolio manager at Vestact Asset Management, told Business Insider SA. Glossary Where is Old Mutual headquarters? The 1994 merger of Union des Assurances de Paris [fr] (UAP) of France and Provincial of the UK led to the formation of the UAP Insurance Company of Kenya. The combined company is expected to list its shares on the Nairobi Securities Exchange. First Mutual Properties actively manages a diverse property portfolio that spans office parks, Central Business District (CBD) retail, CBD offices, suburban retail and industrial. UAP Holdings Limited is an investment, retirement, and insurance group that operates mainly in eastern Africa but has plans to be a pan-African insurance company. UAP Properties – Port Louis, Mauritius – 100 percent shareholding – Holding company for real estate businesses. We manage infrastructure funds, through our wholly-owned subsidiary, African Infrastructure Investment Managers (AIIM); private equity funds, and impact funds. UAP Credit Services – Port Louis, Mauritius – 100 percent shareholding – Dormant. Published Jan 19, 2018. This page was last edited on 30 January 2021, at 09:36. ISIN CODE: GB00B77J0862 . UAP Investments – Port Louis, Mauritius – 100 percent shareholding – Holding company for advisory financial service businesses. Old Mutual plc and Subsidiaries. Contact details UAP Properties Kenya Limited – Nairobi, Kenya – 100 percent shareholding – real estate. ... Old Mutual plc (and subsidiaries) (b) Owner or controller of interests and short positions disclosed, if different from 1(a): Old Mutual and its Subsidiaries Company Name ShareholdingShareholdingCompany Name Agility Broker Services (Pty) Ltd 100% Old Mutual Unit Trust Managers Ltd 100% Black Broker Holdings (Pty) Ltd 100% OM Portfolio Holdings (South Africa) (Pty) Ltd 100% Because of their diverse services, UAP Old Mutual holdings subsidiaries can be found in other countries such as Tanzania, Uganda, South Sudan, DRC, and Rwanda. In June 2015, shareholders of UAP Holdings agreed to merge with the parent company's other businesses in Kenya, to create a single entity that is referred to as UAP-Old Mutual Group. Axa divested its shareholding in 2000 and the firm became a wholly owned Kenyan company. Latest Old Mutual revenue per employee is £3.5 m. Who are Old Mutual competitors? By continuing your navigation, you consent to their use. Visit us at: Old Mutual Building, 30 Glyn Jones Road, Blantyre, Malawi ; Call us: +265 (0) 1 820 677; Fax us: +265 (0) 1 822 649; If you're in Lilongwe. Old Mutual Insure and its Subsidiaries Old Mutual effectively holds 100% of Old Mutual Insure Limited, which in turn holds the following subsidiaries: MJ Harper (Chairman), R Snyders (CEO), M Mia, MP Moyo, GS Palser, PC Rörich, RG Tomlinson, PGM Truyens (Dutch) and PRE Tsukudu. All entries other than Tanzania were greenfield investments. Read: Old Mutual probe into subsidiary's 'institutionalised racism' The Cape Times has received e-mails subsequent to its story, from former employees of the company complaining of racism. [8], The companies that comprise the UAP Holdings include, but are not limited, to the following:[9][10], The shares of the UAP Old Mutual Holdings are traded over the counter at Dyer & Blair Investment Bank pending future listing on the Nairobi Securities Exchange. In 1996, the firm became part of Axa when Axa acquired UAP in France. [2], The Group's origins in Kenya date back to the 1920s when Provincial Insurance Company of East Africa was incorporated as a subsidiary of Provincial Insurance Company, an insurance group based in London, United Kingdom. Company Secretary: MA Phalafala Old Mutual Insure Centre [5], On 8 January 2015, Centum and Chris Kirubi announced that they had entered into an agreement with Old Mutual for the sale of their 13.75 percent and 9.58 percent stake in UAP Holdings, respectively, to the London Stock Exchange-listed financial giant in a deal valued at over KES 7 Billion. Fitch placed Old Mutual plc’s (Old Mutual) ratings on Rating Watch Negative on 24 November 2017. Old Mutual Money Market Fund Daily Yield : 6.84% Annual Rate: 7.06%. Old Mutual Bond Fund Buying Price: 101.43 Selling Price: 101.43. The flagship company of the group is UAP Insurance Kenya. The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Tanzania, the Democratic Republic of Congo, and Mauritius. 'ÝË]Õ(€€‚ Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key … Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Old Mutual effectively holds 51.87% of Nedbank Group Limited, which is listed on the JSE. Old Mutual Investment Group Holdings includes the following subsidiary companies: - Old Mutual Alternative Investments Holdings (Pty) Ltd - Old Mutual Customised Solutions (Pty) Ltd [FSP No: 721] - Old Mutual Specialised Finance (Pty) Ltd - Marriott Asset Management (Pty) Ltd [FSP No: 592] - Futuregrowth Asset Management (Pty) Ltd [FSP No: 520] - Marriott Unit Trust Managers Ltd The boutiques below fall under Old Mutual … OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML ... Old Mutual plc (and subsidiaries) (b) Owner or controller of interests and short positions disclosed, if different from 1(a): [7] On 27 January 2015, Kenyan print media reported that Old Mutual had acquired the shares in UAP Holdings previously owned by Abraaj, Africinvest, and Swedfund, amounting to 37.33 percent of total shareholding, for US$155.5 million (KSh14.2 billion), thereby raising Old Mutual's ownership in UAP Holdings to 60.66 percent. First Mutual Properties Limited is a public listed property company incorporated in Zimbabwe and its principal activities are property investment, development and management. FÖë¾Ú¯û.¢ë¾Ú The organizational chart of Old Mutual Investment Group displays its 57 main executives including Khaya Gobodo, David Lumby and Hywel George × We use cookies to provide a better service. ®û¦b2S2¾Øp¬û&¢²óîNFDÖ}]Lñu_]•qfºçQf“'`bœµ&˜™}_óåÆ`×D»Ë‘âÄ!!7Åÿx.7Í1!óž11a¿tÇgO&eInØ8Ôs,7iTª$-y@Ʉ(Œqòw3.KÒÕÀÌ. UAPHL BoD Subsidiary Boards Drawing on great expertise for your solutions Old Mutual Holdings Ltd. Old Mutual Investment Group Co. Ltd. Old Mutual Life Assurance Co. Ltd. Old Mutual Securities Ltd. Uap Insurance Co. Ltd. UAP Life Assurance Ltd. UAP Life Assurance Uganda Limited – Kampala, Uganda – 53 percent shareholding – Offering life insurance. Union Insurance Rwanda Ltd – Kigali, Rwanda – 100 percent shareholding – Offering general insurance. Registered Office at Old Mutual House, Portland Terrace, Southampton SO14 7EJ, United Kingdom. Old Mutual and its subsidiaries are involved in a number of sponsorships worldwide: Where are Old Mutual offices? Nedbank Group Limited holds the following subsidiaries Company Name Shareholding Company Name Shareholding Nedbank Group Limited 51.87% Ned Namibia Holdings Ltd 100% What is Old Mutual revenue per employee? [19], UAP new shares start trade over the counter, "Kirubi earns Sh2.8 billion from sale of UAP Holdings stake", "Sale of Shares in UAP Holdings Limited by Centum Investment Company Limited and a Related Party", "Old Mutual raises stake in UAP after Sh14bn buyout", "UAP Holdings Limited 2012 Annual Report", "UAP Holdings Limited - Abridged Prospectus for Public Offer", "List of Licensed Insurance Companies In Uganda", "Wanjui, Muguiyi to pocket Sh3.1bn in UAP share sale", "UAP, Old Mutual agree on merger ahead of listing", "UAP Holdings, Old Mutual merger firm to list on NSE", "Former NSE chief Mwangi to head UAP-Old Mutual", "Old Mutual snub returns to haunt UAP chief executive", UAP Life Loss Eats Into Old Mutual Capital Injection, https://en.wikipedia.org/w/index.php?title=UAP_Old_Mutual_Holdings&oldid=1003714946, Creative Commons Attribution-ShareAlike License, Old Mutual Life Assurance Company (SA) Ltd, About 990 Other Local & International Investors, UAP Insurance Company Limited – Nairobi, Kenya – 100% Shareholding – The flagship company of the group. Old Mutual Alternative Investments Holdings include the following licensed subsidiaries: Old Mutual Alternative Investments (Pty) Ltd [FSP No: 45255] African Infrastructure Investment Managers (Pty) Ltd [FSP No: 4307] Setsing Financial Services (Pty) Ltd (FSP No: 4262) UAP Old Mutual contacts Old Mutual has several branches in Kenya, formed with the aim of availing the services to citizens including those residing in the diaspora. [17], UAP Holding is set to open UAP Old Mutual Tower, a 33-storey office complex in Nairobi's Upper Hill district. UAP Old Mutual Group is a subsidiary of Old Mutual Limited (OML) based in South Africa and operates in 13 Markets across the region including Uganda. Our boutiques function with investment autonomy, while being supported by shared world-class operating systems and teams. Old Mutual has put controls in place to prevent unauthorised access to, modification or destruction of your personal information, whether accidental or deliberate. Offering, UAP Life Assurance Limited – Nairobi, Kenya – 100 percent shareholding – Offering. In 2017 each of the following Old Mutual subsidiaries was recognized as the winner of this award: South Africa, Botswana, Kenya, Namibia, Ghana, Nigeria, Swaziland and Cape Town - African Infrastructure Investment Managers (AIIM), a subsidiary of Old Mutual, has been accused of racism, intolerance and prejudice towards its female employees of colour. Subsidiary A company which is wholly or partly owned by another company but which (unlike a branch office) is still a distinct legal entity responsible for its own tax, regulatory compliance, etc. [18] UAP Tower is set to becoming the tallest structure in eastern and central Africa upon its completion in 2015. [6] Once complete, Old Mutual will hold 23.33 percent of UAP Holdings-issued shares and will act as a strategic investor to the group. Old Mutual plc and Subsidiaries. Price US$ 550.00 | Buy this Report Now. Old Mutual Alternative Investments (Pty) Ltd is a licensed FSP 45255, approved by the Financial Sector Conduct Authority to provide advisory and/or intermediary services in terms of the Financial Advisory and Intermediary Services Act 37, 2002. Competitors of Old Mutual include Aflac, ANZ Bank and Groupe BPCE. OLD Mutual Zimbabwe (OMZ), is set to merge its eight subsidiaries into three main units, as it moves to synchronise its operations with parent company, Old Mutual plc. 18 pages (7703 words) — Published Jan 19, 2018. UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions. [16] Joe B. Wanjui, the former chairman of UAP Holdings, will assume the role of chairman of the new UAP Old Mutual Group. [12] As of September 2018[update] the shareholding of UAP Old Mutual Holdings is expected to look as depicted in the table below:[13], 1 - These are subsidiaries of Old Mutual of South Africa. [15] In June 2015, Peter Mwangi was appointed chief executive officer of the UAP-Old Mutual Group. By continuing your navigation, you consent to their use. UAP Global Services – Port Louis, Mauritius – 100 percent shareholding –. The flagship company of the group is UAP Insurance Kenya. hQC3ìñÏ´_s÷F4×ýÿÒõÞ'²a]“U›öÓ×tXNì®ÌƝ|K^|¶ÈU1"tÑÂe- W´=0ðMÝá­¼Z]×f¶ÍK‘Tu@òÂÀßE}â”t5À³ÊÉË¿/z‡Ùn7F ®, wÑ €++ðDLº‰9§ ÀqT¦¬S à6&. Old Mutual Balanced Fund/Toboa Buying Price: 145.47 Selling Price: 145.47.