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Old Mutual
Old Mutual (officially Old Mutual Limited) is a South African investment, savings, insurance, and banking group, operating across Africa. Headquartered in Sandton, Gauteng, with a major office in Cape Town, the company is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange, and the Botswana Stock Exchange.
The company operates a digital bank subsidiary, OM Bank, which was launched to the South African public in 2025. It also holds a majority shareholding in Cape Town-based investment firm 10X Investments - a stake it acquired in 2026.
Old Mutual was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999.
The company introduced a new strategy called 'managed separation' that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc (formerly 'Old Mutual Wealth') and the unbundling of its shareholding in Nedbank.
The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities.
The company was founded in 1845 as a mutual insurance company by John Fairbairn, together with several other prominent Cape Town figures, such as the liberal politician Saul Solomon. The original name The Mutual Life Assurance Society of the Cape of Good Hope was changed to The South Africa Mutual Life Assurance Society in 1885.
In 1939, the Old Mutual headquarters opened in the art deco-style Mutual Building ('Mutualgebou' in Afrikaans), in Darling Street, Cape Town CBD. The building has since been converted into condos, and renamed Mutual Heights. In 1956, Old Mutual relocated its head office to Mutualpark in Pinelands, at that time the largest office block in the southern hemisphere.
Old Mutual acquired a major shareholding in the newly formed Mutual & Federal in 1970, acquiring the remaining shares in 2009. Mutual & Federal was renamed as Old Mutual Insure on 5 June 2017, and is now a part of the Old Mutual Emerging Markets business.
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Old Mutual
Old Mutual (officially Old Mutual Limited) is a South African investment, savings, insurance, and banking group, operating across Africa. Headquartered in Sandton, Gauteng, with a major office in Cape Town, the company is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange, and the Botswana Stock Exchange.
The company operates a digital bank subsidiary, OM Bank, which was launched to the South African public in 2025. It also holds a majority shareholding in Cape Town-based investment firm 10X Investments - a stake it acquired in 2026.
Old Mutual was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999.
The company introduced a new strategy called 'managed separation' that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc (formerly 'Old Mutual Wealth') and the unbundling of its shareholding in Nedbank.
The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities.
The company was founded in 1845 as a mutual insurance company by John Fairbairn, together with several other prominent Cape Town figures, such as the liberal politician Saul Solomon. The original name The Mutual Life Assurance Society of the Cape of Good Hope was changed to The South Africa Mutual Life Assurance Society in 1885.
In 1939, the Old Mutual headquarters opened in the art deco-style Mutual Building ('Mutualgebou' in Afrikaans), in Darling Street, Cape Town CBD. The building has since been converted into condos, and renamed Mutual Heights. In 1956, Old Mutual relocated its head office to Mutualpark in Pinelands, at that time the largest office block in the southern hemisphere.
Old Mutual acquired a major shareholding in the newly formed Mutual & Federal in 1970, acquiring the remaining shares in 2009. Mutual & Federal was renamed as Old Mutual Insure on 5 June 2017, and is now a part of the Old Mutual Emerging Markets business.