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Old Mutual sold Gerrard to Barclays Bank plc in 2003. [6] Old Mutual Head Office in Sandton. Later in 2000, Old Mutual purchased United Asset Management, based in Boston, for US$1.46 billion in cash and assumed ownership of UAM net debt of around US$769 million, [10] thus acquiring a large and
In 1992, UAM acquired Acadian Asset Management. [6] In September 2000, UAM was purchased by Old Mutual for US$1.46 billion in cash. Old Mutual also assumed UAM net debt of around US$769 million. [2] The company was then renamed Old Mutual Asset Management (OMAN). [7] In June 2016, OMAN acquired 60% of Landmark Partners for $240 million. [8]
Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa.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.
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An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more diversification , liquidity , and professional management consulting service than is normally available ...
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