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The chief executive, who has been with the financial services group for three decades and is retiring at the end of next month, will leave behind a bank whose repositioning has started paying off.
Zimbabwe Stock Exchange listed company, Old Mutual Limited, a leading African financial services group, has received crucial regulatory approval to establish a fully-fledged bank in South Africa.
The FTSE 100 ended the week down 99.73 points, or 1.25%, closing at 7,895.85 on Friday.
South African insurer Old Mutual Ltd said on Friday it had received approval from the Prudential Authority to establish a bank, moving a step closer to building an integrated financial services...
Old Mutual obtains banking license, signaling entry into financial sector with OM Bank. Explore the implications and market impact.