IN BRIEF: Old Mutual taps Prabashini Moodley as CEO of Life & Savings

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Old Mutual Ltd - Anglo-South African financial services firm - Promotes Prabashini Moodley to chief executive officer of its ‘newly configured’ Life & Savings segment from August 1. Moodley will report directly to group CEO Jurie Strydom. Moodley is the managing director of Old Mutual Corporate. She joined Old Mutual in 2002 and qualified as an actuary shortly thereafter.

The Life & Savings segment will consist of four business units: Personal Finance, Old Mutual Wealth Management, Old Mutual Corporate, and the Mass & Foundation Cluster, excluding banking. The managing directors of these business units will report to Moodley. Old Mutual says the change will enhance its organisational effectiveness and enable it to deliver to customers and intermediaries in South Africa.

Current stock price in London: 50.41 pence, up 0.4% on Monday morning

12-month change: down 4.2%

Current stock price in Johannesburg: R 12.13

12-month change: down 1.3%

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