New Managing Director in Old Mutual Corporate

Old Mutual South Africa ispleased to announce the appointment of Bongani Madikiza as Managing Director of Old Mutual Corporate with effect from 01 October 2010. He will succeed Seelan Gobalsamy who resignedto pursue other interests.

Comments Kuseni Dlamini, CEO of OldMutual SA and EmergingMarkets, 'We regret biddingfarewell toSeelanand thank him for his contribution to the business. We are, however, pleased that we’ve been able to move swiftly to appoint Bongani Madikiza, currently Executive General Manager Corporate Distribution, as the new Managing Director for Old Mutual Corporate. There will be a managed handover during the immediate period ahead.'

Old Mutual Corporate offers a range of solutions to clients, including investment, administration, risk benefits and independent consulting advice to pension funds. It also offers a number of solutions to corporate clients of all sizes,including asset/liability matching, post-retirement medical aid solutions, mining rehabilitation solutions and structured insurance.