The offshore business of Old Mutual is to become part of Skandia International, in an attempt to capitalise on market developments and share best practices across the businesses.
Skandia says as Old Mutual International (OMI) has a similar business model to the other companies within Skandia International, it is a “natural fit” and claims the move will form one of the largest offshore financial product providers in the world. However, OMI will continue to be run as a distinct business and will retain its brand, but it will now report into Skandia International rather than Old Mutual South Africa, while the current management team, with Jan-Louis Raath as managing director, will continue to run the business. Raath and his team will report into Andre Oszmann, chie...
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